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Jeff Cumberbatch – Chairman of the FTC and Deputy Dean, Law Faculty, UWI, Cave Hill

โ€œI shall be telling this with a sigh

Somewhere ages and ages hence:

Two roads diverged in a wood, and Iโ€”

I took the one less traveled by,

And that has made all the differenceโ€

-The Road not Taken โ€“Robert Frost

To my best recollection, each of our Prime Ministers has been blessed with a sharp turn of linguistic wit, ever ready to paint a scenario, no matter how grave, with a memorable turn of phrase.

I vividly recall that on the second day of the debate on the Constitutional amendments of 1974, the Prime Minister, the Right Honourable Errol Barrow, (as he then was), plaintively inquiring โ€œWhere have all the flowers gone?โ€ a sarcastic dylanesque reference to the glaring absence of the tumultuous crowd that had swarmed the yard of Parliament in protest the day before. Perhaps Mr Tom Adamsโ€™ tenure was far too brief for him to bequeath me a memorable phrase, but I feel sure that there must be more than one. And Sir Harold Bernard St John, as he was to become, would have suffered similarly.

However, Prime Minister Sandiford will be remembered for his description of the irremovable force of some meeting the irresistible object of his will. โ€œHe was adamant, I was adamant, something had to giveโ€ [paraphrased] and his later caricature in calypso intoning โ€œyou could like it or you could lump itโ€ฆnone oโ€™ you ainโ€™t brekking up my night restโ€. His successor, Mr Owen Arthur continued the tradition with his colourful vernacular description of one Parliament as โ€œpoโ€™ rakeyโ€, while I can recall the late Mr David Thompson comparing the local economy to a fatted calf.

The current Prime Minister, Mr Freundel Stuart seems bent on continuing the tradition, if it may be so described. With a clear affection for the classics and for language in general, Mr Stuart has delivered himself of some linguistic gems, although his detractors have sought to use these as further telling evidence of his distance from the electorate. There are some Barbadians who are prepared to accuse writers or speakers of the local heresy of โ€œshowing offโ€ whenever they use an unfamiliar word; as if oneโ€™s vocabulary should remain at the level of a second form pupil for the balance of oneโ€™s existence. Doubtless, some have suffered thusly.

I was struck by Prime Minister Stuartโ€™s use of the collective โ€œcarnivalโ€ to describe a number of clowns in reference to a group on a previous occasion; and by his metaphor of โ€œsucking on the already painfully sore nipples of the nationโ€ by those who were still demanding economic concessions from the state in the midst of stringency; and last week he switched the figure of speech to approximate the national economy to a horse and the traditional civic entitlements to a jockey. In his words, โ€œThe state has found itself in a position where, with spiraling expenditure in those years (the period of satisfied entitlement) and with dwindling revenue, the jockey, it seems has become too heavy for the horse and whenever the jockey becomes too heavy for the horse, the horse cannot compete effectivelyโ€ฆโ€

He is right. Indeed, the very point was made earlier in the same debate by Mr Arthur, who now sits as an Independent MP, when he suggested a reform of the hoary paternalistic approach to assisting citizens that previous administrations had employed over the years.

Of course, even highlighting this new normal comes at an electoral cost, but the manifesto promises of those parties aspiring to office should be tempered nevertheless by this reality. Tradition dies hard, however, and there will of course be the alluring campaign promises of a return to the old ways, although it should be clear even to the proverbial โ€œblind man on the trotting horse in the middle of the streetโ€ that those days of near plenty have swiftly receded and are gone forever. Heraclitusโ€™ dictum that you cannot step into the same river twice applies with full force in this context.

So far as my assessment of the budgetary proposals themselves and the subsequent debate is concerned, I was out last week and was therefore limited to reading a transcript of the Finance Ministerโ€™s speech and listening online to the reply of the Leader of the Opposition. I have read newspaper extracts only of the other membersโ€™ contributions since my return.

My general impression is that we are in a grave circumstance (no pun!). Former Prime Minister Arthur argued cogently that having come to a fork in the economic road, we chose the one less travelled -that of the home grown solution- one that leads inexorably to the imposition of harsh measures, rather than the one more used by the scrunting traveller โ€“that of approaching the International Monetary Fund [IMF] for technical assistance. In his view, it was a judgment call and the current governing administration chose the path that may lead to unwarranted human suffering.

This recourse of approaching the IMF for assistance is one that has been touted time and again in recent months by some prominent economists โ€“among them Mr Arthur himself; Professor Howard; Ms Dukharan; and Dr Worrell- as the optimal solution to our prevailing economic woes.

However, the current administration is adamant that this is not the way, preferring that the citizenry take the bitter medicine of the homegrown recovery. This seeming antipathy to recourse to the IMF is understandable. One of the local sacred cows is the exchange rate of our currency to the US dollar and there might be an innate apprehension on the part of the government that such an avenue is fraught with both the likelihood of devaluation and consequent indelible electoral disfavour. I do not know.

There are equally those who might argue, however, that the recently imposed levy on foreign exchange transactions does serve to reduce the value of the local dollar, resulting in a de facto, though not de jure, devaluation. When, concomitantly, there is an increase in the cost of imports owing to the increase in the rate National Social Responsibility Levy [NSRL], the die is cast.

An enjoyable Whit Monday!


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118 responses to “The Jeff Cumberbatch Column – Of Overweight Jockeys and the Road not Taken”

  1. are-we-there-yet Avatar
    are-we-there-yet

    The PM’s aphorism makes little sense.

    If the Economy is likened to a racehorse the current Jockey, who guides and controls the horse, can only be the Government, not the entitlements which merely represents the Jockey’s whip. The whip has gotten too fat, not the jockey, who knows not what he does.

  2. are-we-there-yet Avatar
    are-we-there-yet

    The PM’s metaphor is all mixed up.

    But congrats on another beautiful essay, Jeff!

  3. Well Well & Consequences Observing Blogger Avatar
    Well Well & Consequences Observing Blogger

    No amount of linguistic wit can help any prime minister or president if he or she has no common sense. As we are seeing with Fruendel and others.


  4. The following audio link is an extract from Brasstacks last week.

    https://barbadosunderground.files.wordpress.com/2017/06/brasstacks-barbados-underground.mp3


  5. Jeff,
    An excellent essay. Your observations are spot on. The difficulty with our population is that having become accustomed to a BMW, even though the company is on the brink, they still expect to continue the extravagant lifestyle, even though the children have left the nest and the five bedroom house is difficult to pay for. They are not prepared to live in a three bedroom bungalow and drive a lower priced vehicle. Bitter medicine is still bitter whether it is generic or Brand name, and it has to be taken; like it or lump it.

  6. Caswell Franklyn Avatar
    Caswell Franklyn

    The Prime Minister sucked on those sore nipples and pulled out a Mercedes.

  7. Vincent Haynes Avatar
    Vincent Haynes

    Jeff

    On point….with a nice a lead up to the meat of the day.

    All the PM had to do like any racehorse owner would…..find a new jockey that the horse is comfortable with.

    My question should you care to answer it:-

    …..What other conceivable reason could the PM have for not going to the IMF?

    From all indications by the pundits, the IMF is the least of the perils and it would even give him an outside chance,a faint one albeit,of regaining the govt.

  8. Bajan Free Party/CUP/.Violet Beckles Plantation Deeds from 1926-2017 land tax bills and no Deeds,BLPand DLP Massive land Fruad and PONZI Avatar
    Bajan Free Party/CUP/.Violet Beckles Plantation Deeds from 1926-2017 land tax bills and no Deeds,BLPand DLP Massive land Fruad and PONZI

    Don’t act surprised lawyer man, We have been blogging about him and the rest for years and never moved, Now you acting like how he and they behave is news, Must be near election time, People look to blend in with truth when they are about to go to the polls,

    If you were to be more truthful the blog might be well on its way, but covering up for others by not speaking out help the blog numbers to roll up with postings, But you can’t shake my words nor truth, lawyers and the truth don’t mix.A lawyer free government and none in the Ministers office, a new DPP, COP, AG and some promotions of lawful policemen, who are now sitting back watching the crooks in charge,crook lawyer , name them we named over 60 and many law firms ,

  9. are-we-there-yet Avatar
    are-we-there-yet

    Vincent Haynes;

    Well said!

    Re. possible reasons for blanking an IMF solution – Here are just a few;

    He is delusional.

    The PM is a closet gambler who believes that he is infallible and does not take counsel except from himself.

    He believes in the home-based solution, despite all the evidence that has piled up over the past 7 or so years to the contrary, and feels that time will, against all odds, show that it is right for Barbados.

    If he is right, he greatly improves the probability of the DLP winning the next elections.

    Winning the next election is essential for him, as losing it will open an inarguable pandora’s box of revelations about his tenure that will inescapably expose and prove that he is the diametrical opposite, in terms of morality, truth telling, etc., to the person he has tricked the public into believing he is. His clothes will be stripped away from him.

    He, and much of his cabinet, have absolutely no care for Barbados’ survival, only theirs.

    There are many other reasons, including that the longer he delays the calling of elections the greater will be the ability of himself and his cabinet and friends to accumulate and store away the unspeakable fruits of their tenure in Government.


  10. @ AWTY

    All of the above is true…

    But the OVERRIDING reason is that IMF people will publicly and internationally expose all of the thieving and bribery that these idiots have been involved with over the two terms.

    They CANNOT afford the transparency that is inherent with IMF overview.

    It is clear that these scoundrels intend to go down to the wire and then to run for the hills…

  11. angela Skeete Avatar

    No amount of reason or logic would convince the BLP operatives aka yardfowls extraordinaires in full flight that the “jockey is too heavy for the horse” and better yet rather to inflict home grown pain that would not dislocate the social environment than once again going with cup in hand as beggars at the steps of the International Monetary Capitalist that would offer their version of homegrown solutions that beyond a shadow of doubt would disrupt barbados social and economic environment leaving Barbados becoming another IMF guinea pig like Jamaica with no end in sight
    For the BLP operatives aka yardfowls looking beyond their own self interest is too hard a task for them to undertake

  12. are-we-there-yet Avatar
    are-we-there-yet

    Bushtea;

    Thanks for clarifying my fifth point above.

    Re. running for the hills. We need Due Diligence to identify the who’s and where’s of the Hills they plan to flee to.

  13. Vincent Haynes Avatar
    Vincent Haynes

    are-we-there-yet June 4, 2017 at 9:01 AM #

    Thanks for some more insight…..I am presently enjoying a good bellylaugh at the recent post from the govt operative.

    Chuckle….St.Kitts and Grenada are both enjoying the fruits of their home grown IMF programmes.

    Hahaha…..then we have a govt operative trying very hard to justify why the IMF 3 year 300m with all debts paid programme is harder for us than the Govts 9momths 500m no debts paid programme….wuhloss

    Bushie…..an interesting point….I wonder if Jeff would agree.


  14. @ AWTY
    As Jimmy Cliff said, they will run to the rocks (hills) for rescue, but there will be no rock…
    What sweeten goat mouth does burn his belly.

    They are just like the BRA woman who thought that she was on to a good thing too, …and even had a plan to ‘run off to the big Rock called Trump-land’….
    Now her ass is grass.

    So shall it be with her mentors…..
    They are to be pitied – not envied.
    Isaiah 3:11
    Woe to the wicked! It will go badly with him,
    For what he deserves will be done to him.

    Karma is a relentless bitch….

  15. angela Skeete Avatar

    For all the long talk Mia use to rubbish govt policies , She would be hard pressed to go to the IMF and if behind closed doors (as she often does away from the eyes and ears of the glaring public ) seeks to negotiate any kind of loan with the IMF the stipulations would be harsh given a reality that barbados is more than an economy and the trumpeting of a horn to serve the few self righteous would not be of benefit to the majority
    The reality stands that the long excessive policies of borrowing has caught up with a barbados which over the years did not plan for a rainy day and those that we have borrowed from does not care about how it is paid as long as their monies come by any channel
    Now if MIA wins her options are as few as the present govt and as she has touted and berated govt for not doing enough for the people she would either have to go with cup in hand to the IMF try selling govt assests she perceived are useless while in the meantime looking for buyers which is time consuming and without having a shortened time period sufficient enough to reign in on govt debt or raise taxes
    Now the question that the BLP operatives aka yardfowls should ask of Mia how does she plan on paying off the debt without burdening the people or expansion of govt role in the economy which can in itself create more debt.


  16. The yard-fowl representatives of the DLP in this forum should desist from writing rubbish. But then again, thatโ€™s included in the job description of yard-fowls and second nature of Angela โ€œACโ€ Skeete.

    Angela ignoramus Skeete, do you care to explain to BU if the DLP, BLP, UPP, SB, PEP, PDC or even the man on the โ€œCream of Wheatโ€ box sought the assistance of the IMF, how would it INCREASE Barbadosโ€™ debt burden?

    The IMF provides loans to countries to โ€œrebuild international reserves, stabilize currencies, continue paying for imports, and restore conditions for strong economic growth, while undertaking policies to correct underlying problems.โ€

    If government refinances the islandโ€™s debt through a process of debt consolidation and borrows from the IMF at reasonable interest rates to pay off that debt, government would pay one entity, the IMF, and would not be burdened with the high interest rates associated with borrowing from the international market as a result of the islandโ€™s current credit ratings.

    I donโ€™t know why David donโ€™t ban you from BU. You donโ€™t even have a basic understanding of mathematics, yet you come to this forum to spew political rhetoric.

  17. Caswell Franklyn Avatar
    Caswell Franklyn

    Artax

    Sinckler does not have a basic understanding of Mathematics and that qualified him to be Minister of Finance. That same impediment should certainly qualify Angela to be a yardfowl.

    Sent from my iPad

  18. angela Skeete Avatar

    Seriuosly folks who does the BLP think they are fooling outside a handful of mindless morons OSA knows he is responsible for most of the accumulation of debt that is why he pontificates and criticizes looking for quick fixes which in the long run would have cascading and crippling effects for future generation to pay ,by then he would be long gone and would not have to face the devastating effects and answerable to anyone
    Barbados is now having to survive in a global economy where the big fish are large and takes up most of the economic space while the small fish have to fight for survival therefore our social survival must come head and shoulders above all else
    I


  19. โ€œSeriously folks, who does the DLP yard-fowl think they are fooling outside a handful of mindless morons (Angela AC Skeete, Carson C. Cadogan, Bajangetuhlife, Alvin Cummins, Fractured DLP and Kevin), knowsโ€ Owen Arthur cannot be responsible for the accumulation of debt because he demitted office in 2008 and the debt increased at a exponential rate under this inept DLP administration between 2008 and 2017.

    Angela Skeeteโ€™s contributions clearly indicate that she is a โ€œmindless moron.โ€

    @ Caswell

    Angela Skeete does not need any qualifications to be the “mindless moron” she admits to be.

  20. Well Well & Consequences Observing Blogger Avatar
    Well Well & Consequences Observing Blogger

    Alvin….why cant Fruendel see himself driven around in a more fuel efficient, lower maintenance vehicle….why must he be driven around in an expensive, taxpayer funded, brand new Mercedes, 7 years should not be enough time for him to become so addicted to such trappings that he is clearly not accustomed to…or he would remember is humble upbringing.

  21. angela Skeete Avatar

    Blp yardfowl Artexeres your understanding of debt is all about dollar bills compensation and you cannot in reality relate to the social damages incur and if OSA had thought about social consequences to debt he would have think twice . Now right out of the economic box he is touting quick formulas that would not necessarily ease the pain or raise the a social advantage to the most vulnerable

  22. Well Well & Consequences Observing Blogger Avatar
    Well Well & Consequences Observing Blogger

    Barbados should have done this 6 or 7 years ago….stop issuing work permits to foreign people…there are enough unemployed people on the island and not enough jobs to go around, bajans should be employed first….then other Caribbean people…fireigners from outsude the region should not even be considered, immediate rejection.

    “NASSAU, Bahamas, Tuesday May 30, 2017 โ€“ A directive from newly installed Prime Minister Dr Hubert Minnis stipulates that Bahamians must fill all available posts before any consideration is given to foreigners.

    In fact, Minister of Labour Dion Foulkes made it clear that he has already been โ€œvery strictโ€ in approving labour certificates for work permits and has denied or deferred several applications since taking office just over two weeks ago.

    โ€œThe Prime Minister has given me directions to ensure that no foreigner gets a permit where there is a Bahamian available to do the job,โ€ Foulkes said while speaking on a local radio talk show yesterday.

    Noting the Bahamas has โ€œa serious unemployment problemโ€, Foulkes was adamant there would be no backing down from implementing the policy.

    โ€œWherever there is a Bahamian who is qualified to do the job and a foreigner or an expat is applying for that position, we will refuse the application,โ€ he insisted.

    He cited a recent case where a work permit request from a hotel was turned down because there were unemployed Bahamians qualified to fill the post.

    โ€œWe had an application from a major hotel for a food and beverage director. I declined it, because there are Bahamians who are trained in food and beverage in this country who are unemployed and we know who they are and we are sending some of them to that hotel to be interviewed,โ€ the minister said.

    Foulkes expressed concern that some companies were trying various tactics to bypass the rule, charging that some had set unfair criteria to deter Bahamians

    Read more: http://www.caribbean360.com/news/bahamians-first-new-government-declares-no-work-permits-will-issued-bahamian-can-job#ixzz4j2zh4nK1

  23. Vincent Haynes Avatar
    Vincent Haynes

    Jeff

    Another question for you:-
    This matter of legal over-charging borders on the edge of fraudulent invoicing.

    The above statement was made by dpD on another post…the question is that if invoices for work done is a lot more than others with the same skill charge and the Invoice is accepted…..can the person who accepted the invoice and the person who delivered it,be sued on any grounds?


  24. @ Vincent
    What illegal what??!!
    Did Jeff not explain that this is all the Sunday school teachers’ fault?

    Obviously these lawyer crooks would have checked and found that once both sides agreed on the amounts, there is technically no crime committed.
    This is where normal human civilisations would then pursue Income tax declarations, …VAT and other payments, t….hat proper procedures were followed (tenders recieved and fairly evaluated) , …etc…

    But brass bowls will just talk shiite …while the crooked lawyers continue their daylight robbery…


  25. It is good to see others looking into the legal aspects of these excessive charges.

    Re: P Gollop’s bill
    1) As a man on the street, it makes me wonder if these monies are shared between the ‘payers’ and ‘billers’.

    2) i found it amusing that when reading the article with the bill for $1.5M there was an add for the lotto with a $1.5 M payout.

    3) It was also interesting that the Bill including VAT was exactly $1.5 M. Looks as if they decided on $1.5 M and worked backwards.

    Probably the worst bill in the world.
    1 bucket of nails
    1 hammer
    1 chisel
    Total cost $1.5M
    They should at least tell you the price of the hammer. Bogus bills and accounting


  26. Their shit is so transparent. But at least they have the gall/balls to continue to run their games.
    How can they respect us as a people when we accept their baloney.


  27. Artax;
    In response to your comment re borrowing from the IMF, In what currency would this loan be repaid Wouldn’t it entail use of foreign exchange, the very currency you would be borrowing to repay? Our home grown solution; even though it would be onerous, would not entail the use of foreign dollars. You know that every year officials from the IMF visit and have Article 4 consultations with government. Last one was in August 2016. Why then do you behave like you do with respect to Governments relations with the IMF.I am sure they would have discussed all the proposals you are making.IMF have to be requested; like if you go to the bank to borrow money, YOU have to request the loan. Barbadians, with few exceptions; have indicated that they do NOT want a lon through the IMF.


  28. Well Well,
    Prime Ministers have been driven around in Mercedes for more than fifteen years. It has been the official car for all these years. Don’t get on like it is his car that he went to the dealership and acquired. The decision to replace the car is not made by the office holder.


  29. @Bush Tea at 12:12 PM re “What illegal what??!!…”————

    Isn’t it for a court of law to decide the legality of these various invoices!

    Fortunately or unfortunately for us in the public domain who have even a modicum of experience at the executive level we know unequivocally that there is no way any legitimate company director will engage a lawyer to review a contract or pursue a negotiation WITHOUT a clear and expressively stated agreement on pending range of fees.

    Surely such matters like a contract review or counsel after meeting collaborations with financiers is NOT the open end revenue spigot that could accrue from a lengthy court case.

    So indeed “their shit is so transparent” and in the case of Mr Thompson’s CLICO invoice absolutely quite transparently illegal!

    That can be asserted because the entire law firm and all its ‘managing attorneys’ and partners disavowed ANY and ALL knowledge of it!

    It was left for the average JA to accept that a sitting PM could yet issue an invoice in the name of his law firm to a company over which his ministry had direct policy and legislative control and to boot ALSO defraud the VAT dept of any related taxes.

    But as you said, what could ever be illegal about that. — and we get shocked about a BRA clerk!

    The only consolation to all this is that surely things like that NEVER happened back in the day…that was an aberration ..almost like a unicorn: unique and never seen before or after that mystical moment. Sighhhhh!

    It must be wonderful to be a top political lawyer in Barbados…even a dead one, cause your family can live large!

    But day does run….or to paraphrase a former CJ, ‘we guun catch a fella’!


  30. Artax;
    “…restore conditions for strong economic growth, while undertaking policies to correct underlying problems.โ€
    This is what you said an IMF loan would do. Really???
    Seems to me that this “undertaking policies etc, would cause unrecoverable difficulties for the population at large, and the problem still would not be solved.
    How would they “restore conditions for strong economic growth; like?

  31. Vincent Haynes Avatar
    Vincent Haynes

    Alvin

    Why are St.Kitts and Grenada enjoying their respective IMF programmes?

    For 7 successive years this govt has tried its illconceived austerity budgets to no positive effectโ€ฆ..so we going to try it for the 8th time and you expect a different result?

    cuhdearโ€ฆ.even Ninja man would have dun wid it after 5 tries.

    So if you cannot get your home grown to work by yourself why not not let some one help you with it at a far cheaper cost than what your chaps have come up withโ€ฆ..makes sense???


  32. Puss, puss catch a corner….evidence HIV resistane and immunity is common knowledge in Barbados…the illnesses early settlers overcame
    http://image-store.slidesharecdn.com/892af9e7-cb85-4dfb-b08b-fab8795d8cad-original.png

  33. angela Skeete Avatar

    Using ST kitts as a model is laughable a country with fifty thousand people should not even have to seek IMF help . Furthermore ST. Kitts has now find itself in a controversial bind
    having to choose locality to its citizens and loyalty to investors with their implementation of the citizens by investment program a program which was given the IMF blessings in helping to reduced ST. Kitts debt
    Also having to finalize any or all agreements which would help in further decreasing debt The International Monetary Fund (IMF) has called for the sale of land under the land-for-debt swap to be completed in a matter of urgency to limit financial risk in St. Kitts and Nevis.
    just in case the IMF tool carriers do not realize debt comes with a price even for kitts citizen
    while they pay their debt their sovereignty is being giving away

  34. millertheanunnaki Avatar
    millertheanunnaki

    @ Alvin CumminsJune 4, 2017 at 1:46 PM
    โ€œ โ€œโ€ฆrestore conditions for strong economic growth, while undertaking policies to correct underlying problems.โ€
    This is what you said an IMF loan would do. Really???
    Seems to me that this โ€œundertaking policies etc, would cause unrecoverable difficulties for the population at large, and the problem still would not be solved.
    How would they โ€œrestore conditions for strong economic growth; like?โ€

    Oh how conveniently quick you forget! But here is timely reminder to put you at rest.

    Going to the IMF would create no more โ€œunrecoverable difficultiesโ€ than those endured during the DLP administration under Sir Lloyd Erskine.

    Remember Barbados was under an IMF structural adjustment programme which witnessed the sale of many family jewels (profitable State-owned assets and investments).

    Yes, the same IMF programme which you goons are still arguing was the wicket prepared for the BLP to score โ€˜bigโ€™ runs during its 14 years of waste, squandermania and corruption similar to what prevails today.

    If you DLP jokers make fantastic grounds-men why not stick to your politically outstanding talent and prepare another wicket even at this late stage of the game by inviting the IMF to tell you what must be done?

    You wouldnโ€™t have to worry about any 8% cut in public sector salaries.

    The 10% social levy has โ€˜responsiblyโ€™ taken a larger cut right across the board and there is no way the IMF would allow you to give the public sector workers any 10 % โ€˜increaseโ€™ in pay as recently played out with your political parasites.

    You never know, the LGBT queen MAM might just be magnanimously gracious enough as to even make the fumbling medals-laden Muttley a knight from the House of Stuart and St. Andrew just like his old king mentor and lover the โ€˜rearโ€™ admiral Cammie T.

  35. Armando Rodriguez Avatar
    Armando Rodriguez

    Freundel and Chris feel them smart. The know going to IMF will try their hands politically for how ever long that program last. Plus the electorates of the Caribbean have always punished Governments who end up in the IMF, and rightfully so.

    So Freundel and Chris have decided to stick to their home grown program (a failure) and taxing $500 in 9 months so that after coll cringe they can bring a mini-budget and bribe the PEOPLE with their own money. Give some to civil servants, pay down/back some VAT and tax refunds, give some to UWI and others and then claim “See now, the home grown program was a success” and then call elections.

  36. Well Well & Consequences Observing Blogger Avatar
    Well Well & Consequences Observing Blogger

    Alvin…where is the law that says prime ministers HAVE to drive around in Mercedes….15 years you say, so because BLP drove around in mercedes…did yall not say they squandered taxpayers money…..that means DLP got to do it to….squandering taxpayer’s money as well…frauds.

  37. Jeff Cumberbatch Avatar
    Jeff Cumberbatch

    *Jeff

    Another question for you:-
    This matter of legal over-charging borders on the edge of fraudulent invoicing.

    The above statement was made by dpD on another postโ€ฆthe question is that if invoices for work done is a lot more than others with the same skill charge and the Invoice is acceptedโ€ฆ..can the person who accepted the invoice and the person who delivered it,be sued on any grounds?*

    @Vincent,If there is no quotation of the fee up front, the client impliedly agrees to pay whatever the attorney charges. In such a situation, there can be no fraudulent invoicing. The only recourse under the Consumer Guarantees act is not to pay the bill and argue that the fee charge is not a reasonable one.The client however runs the risk of lawsuit for breach of contract.

  38. Well Well & Consequences Observing Blogger Avatar
    Well Well & Consequences Observing Blogger

    Jeff…what if there is collusion by all involved to soak the taxpayer’s for millions, I imagine there will be no legal recourse for the taxpayers given the collaborative effort by all to commit fraud for financial gain.

    FTC…..would is toothless in those obvious real time conspiracies.

  39. Well Well & Consequences Observing Blogger Avatar
    Well Well & Consequences Observing Blogger

    Alvin….yall are thieves….sickening thieves, but karma will prevail.

  40. Jeff Cumberbatch Avatar
    Jeff Cumberbatch

    FTCโ€ฆ..would is toothless in those obvious real time conspiracies

    The FTC has no jurisdiction over these matters. Any such complaint would be made to the Public Counsel and heard by the Consumer Claims Tribunal And how does one establish that a fee is “fraudulent”?.

  41. millertheanunnaki Avatar
    millertheanunnaki

    @ Jeff CumberbatchJune 4, 2017 at 3:31 PM

    Nice response, Jeff!

    Now, how about that invoice for $3.3 million for โ€˜bogusโ€™ legal services rendered and approved by the same person who directly and indirectly benefited in the form of a large gratuity payment?

    Would you call those so involved fraudsters, legal speaking of course?

    Can the policyholders who have not been in receipt of their contractually entitled pension and annuity payments sue those so deemed as fraudsters?

  42. Jeff Cumberbatch Avatar
    Jeff Cumberbatch

    @Miller, Clearly if no work was done or requested, then the invoice would have been fraudulent. In my unsolicited view, if the shareholders of the company can establish this, they would be entitled to compensation for the fraud on them and the company. But this matter, to my knowledge, attracted the attention of a judicial manager and no legal action resulted. So I assume he found no chicanery.


  43. Jeff
    It is my understanding that the matter is before another court.Pursuit is contingent on release of the company from judicial management.


  44. @Jeff at 3:31 PM re “….If there is no quotation of the fee up front, the client impliedly agrees to pay whatever the attorney charges.”

    That is reasonable.

    But my layman’s assessment says it is also reasonable and legally practical that if I have retained attorney B to do a contract loan review and she charged me $200/hour for 200 hours over a month that I should rationally expect similar fees from attorney D whom I retained for another loan deal.

    It is unreasonable that attorney D could charge 1)$4000/hour or 2) charge me for 12 months of time to review that similar loan deal!

    Even if the first loan was $5 million and the second one was for $100 million that cannot be justification as most practical arrangements have a maximum cap on the legal work pro-ration.

    Now of course if this was a capital murder case and attorney B did sterling work but lost my case I could readily accept that attorney D who has a 100% success record would be charging me a much higher fee for my appeal.

    So maybe this was murdah, afterall!

    I would take my chances before an ethically solid review panel to that “risk of lawsuit for breach of contract” because there is something out of whack to justify a 20 X fee increase.

    And my query to you Jeff: Would you enter into an open ended retainer contract and PAY it where the end result was exponentially times higher than very similar work done for you in recent years without taken it to ‘arbitration’?

    I am no attorney, sir and fraud is a serous charge but if not fraud then it is very carefree professional conduct on the part of both lawyer and client.

  45. Well Well & Consequences Observing Blogger Avatar
    Well Well & Consequences Observing Blogger

    Jeff….EXACTLY.

  46. Well Well & Consequences Observing Blogger Avatar
    Well Well & Consequences Observing Blogger

    The thieves also know there is no way to establosh that a 750,000 dollar fee chargedbwhich is in reality a 30,000 invoice…is fraudulent….or a 1.5 million dollar invoice for attending a couple BWA meetings.

  47. Vincent Haynes Avatar
    Vincent Haynes

    Jeff

    If both parties(e.g provider&accountant) are in agreement on an unusually high bill for the job done can the owners of the organisation sue both of them on any grounds?

  48. Jeff Cumberbatch Avatar
    Jeff Cumberbatch

    …but if not fraud then it is very carefree professional conduct on the part of both lawyer and client.

    Agreed, DPD, but arbitration must have been express provided for in the contract of retainer which seems rather unlikely. You must also understand that these matters are not concluded strictly at arm’s length and both the the client and the attorney probably understand that the fee charged is just a ballpark figure to be negotiated. I am willing to bet that in none of the cases where these exorbitant fees are mentioned were the actual sums quoted paid without demur.

  49. millertheanunnaki Avatar
    millertheanunnaki

    .
    @ Jeff CumberbatchJune 4, 2017 at 4:12 PM

    Clearly, you would have made a heavy-laden jockey in your time of riding for the stables of chicanery but certainly a supreme (even primo donno) ballerino when it comes to sidestepping issues.

    Letโ€™s put it this way: The JM is definitely (NOT) one of your past charges whom you would have fashioned in your own ethical image.

    As a scion of similar generational vintage you would have heard the admonishing adage of a refrain that โ€œmoney makes the mare flyโ€ or in biblical parlance โ€˜the love (and worship) of the god call Money is the root of all evilโ€™.

    So if not the JM for civil action why not the CoP and or DPP?

    Has the Bajan Constitution been โ€˜ripped to shredsโ€™ and being used as downy for chickens calling themselves men of the people?

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