Time to Think Clear and Straight Caswell

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208 responses to “Time to Think Clear and Straight Caswell”
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Barbadians need impartial counsel
https://www.cliffsnotes.com/literature/a/animal-farm/book-summary
…As other animals watch the scene from outside the window, they cannot tell the pigs from the humans… -
@ observing
Your observation is spot on
You said and I quote
“…Failed attempts at Public Sector Reform, bloated statutory organisations with poor or no financials, mismanagement over 3 decades and the creation and promotion of an entitlement mentality are the reasons for our morass…”
And in 8 lines, you have summarized the state of play for this country as it relates to the entrenched cause AND THE VISIBLE EFFECT
Then, in a subsequent submission William Skinner continues with what is the most frightening observation of all when he says…
“…. I told her he does not need no eleven plus because he could work at any mechanic shop right now.
She told me he occasionally helps his older sister with her university physics problems…”Some years ago a particular bajan spoke to the lauded Change Management Consultant Dr. Basil Springer and the late James Corbin about the waste of $$ invested in a game called Cricket something
The point the bajan was making to these two gents is that a board game was a waste foop and that they would have been better served to recraft the game as a coded platform that sought to collect national cricketing stats real time.
That construct which underlies what real “mobile app” architecture should be is equally applicable to the collation that would be critical to capture the talent pool thst Mr Skinner just mentioned
But I would bet $1 million dollars that the matrix to facilitate this is non existent EVEN IN TODAY’S INCOMING ADMINISTRATION because they cannot see to make the relationship between proactively chronicling viable resources in whatever form and leveraged assets.
Even with the very best of minds around us we hewers of wood and drawers of water ARE DOOMED TO FAIL.
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RE here is also the myth of equivalence, that a degree in economics from Cave Hill is the equivalent o one from St Augustine or Mona,
NOT A MYTH..BUT FACT
STUDENTS ON EACH CAMPUS TAKES THE SAME EXAM ON THE SAME DAY CORRECTED BY THE SAME PERSONS -
No honest and right thinking politician would over promise in a hostile economic enviroment with high debt
The truth now reveals that Mia lied and barbadians were deceive by the demon dressed in white.
In two weeks all of her promises have been dealt a devastating blow not to mention barbados being placed into the default financial territory along with countries like Greece and Jamaica and Grenada .Never heard of in the history if Barbados Independence
The wreckless advice which she attributes to having a restructing program would haunt barbados creditworthiness for years to come along with the austerity programs which will decimate barbados social programs which past govt fought tooth and nail to keep intact
History would remember Mia as the political pied piper who sold a population promises which she coud not deliver -
FOR THE RECORD :
David Comissiong has a knack of fighting for the things he believes in and he will continue to do so, I guess he just can’t help himself. I refer to things like free education, proper pensions for elderly human beings, and trade unions.
David Comissiong has also publicly stated that he thinks that the best political option for Barbados at this time in not the DLP, the UPP, the BIM or the Solutions Barbados but the BLP under the leadership of Mia Mottley. Thus, David Comissiong intends to work with and to support this BLP government in order to help make it a success.
David Comissiong is very much aware that his country — Barbados — is in a very perilous condition and that we cannot afford any further failures. He will therefore do his best to keep the new Government on the right track, and to push them to implement the best of their policies. He will also defend and encourage the new government when required. And when there is need to be constructively critical he will be constructively critical.
Finally, please note that both of the two major parties have over the years reached out to David Comissiong and invited him to come with them, to be a candidate etc etc. David Comissiong has chosen of his own free will not to do so.
David Comissiong will associate and work with the current BLP government on mutually acceptable terms that he feels comfortable with.
Finally, anyone who has objectively assessed the record of David Comissiong over the past 34 years would have to recognize that he is not motivated by money, prizes, accolades, status etc. and has no desire to be part of any elite. Nor is he courting popularity. He just intends to do what he perceives to be his duty.
DAVID COMISSIONG
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To all Barbadians
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Guest,
Yes, as a person. But I also know I am not a rocket scientist – or accountant. As to Georgie Porgie and those saying there is equivalence in UWI economic degrees, then explain why the three main campuses score differently on global university rankings? Can it be the quality of teaching? Or research? Whatever it is, the student experience is different.
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Why wunna don’t relax? There are policies in the manifesto that haven’t even been discussed yet that will provide benefits all around and do not need government spend. Read the manifesto, pay attention to private sector projects and await the debt negotiations. In 3 weeks a decision on the IMF has been made, public workers negotiations seem done and the public fully aware of what’s happening. Note the IMF supports infrastructure expenditure. Stay calm and watch we!
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Hal
You’re always criticising Cave Hill. What university did you attend, what is their ranking and how do their degrees match up to the universities you reference? -
Read what manifesto. The manifesto is all but dead once Mia took the drastic step of defaulting on the Principle and only two days ago not making payments on the interest
What manifesto. Bajans were sold a political game plan of hopelessness -
re explain why the three main campuses score differently on global university rankings?
I CANT SAY why the three main campuses score differently on global university rankings BUT I CAN SAY THIS.
When an exam is to be set for a course offered on all three campuses, questions are submitted by the lecturers from all the three campuses. Same syllabus, same exam, same marker, same external examiner.
I remember once Campus games were held at Cave Hill at Easter time as finals approached.
One of the local students noticed on a list of tutorial questions from a St Augustine student, that we had not been taught.
The student took the question to our lecturer, who on reading immediately swore and said “You mean they did not even change the wording?
Later, as a final year student in Medicine, we sought by phone to ascertain what was being “stressed” at various campuses in order to facilite or “spotting” for the exams.
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Comissiong @ 7.54am
That is my impression of your outlook and intent.I too reserve comment be-out strings attached.A simple yearning for a good and decent life for all citizens residing in Barbados and a fair share of the economic pie -
Enuff
The IMF not only supports infrastructure expenditure but hints that the people are already heavily taxed,further costs containment and reduction are a sibevqua non,going forward.Government by stealth and subterfuge have no place in a well organized and communicative environment.When you the government,that is the people’s representatives speak ,tell us the unvarnished truth. -
Hal wrote…..the student experience is different.
Obviously the student experience is different.
It is different because of the teacher and different because of the students.I have in my Biochemistry ppts a number of animated ppts which I nicked from an amazing Cuban who has taught the subject for over 50 years. This is all he uses…it would be amazing to hear him deliver them live. But they have no text, so there is no take away juice. And weak students could not keep up with his brilliant expositions.
I have in my Biochemistry ppts a number of mechanisms of action for the Organic chemistry involved. Nice for students who love Organic chemistry, and who instead of memorising the info, can work it out………….but jibberish for poor Organic chemistry students who just want to pass the course with a C.
Same class…..same power points…..same juice delivered by same lecturer…….but the student experience is different….it must be different.
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good
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Senator Franklyn seems to be a man of integrity and appears to think clearer and straighter than many of the other public figures in Barbados.
+++++++++++++++++++++Wake up Caswell or soon people will be saying of you just what you are saying of the NUPW leader.
Use that clear head of yours.
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Wait and see what Commissiong .What we have already seen manifested by the leadership of the blp Mia Mottley a fast and punishing free fall into default terriorty . A first in the financial magement of barbados and of course having been given bad advice.
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The island was going to default because the exgovernment could not meet repayment commitments this month nor next month.
Now we know another reason why Fruendolittle and The Enemies of Barbados that made up his government were delaying the election.
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In the meantime, just like with everything and everyone in this current environment. ..extreme vigilance of these crypto players and the digital wallets are very important, everyone must maintain vigilance completely..
An excerpt from the FT article…
“Who really owns bitcoin now?
Hannah Murphy 10 HOURS AGO
https://www.ft.com/content/29259448-69b3-11e8-b6eb-4acfcfb08c11 Given this breakdown in bitcoin owners, most market watchers do not rule out another rapid price run-up. However, they say this would likely be the random movement of pure speculation or market manipulation rather than anything else.“It’s very important to stress, this is not in any sense a rational market,” says David Gerard, the author of Attack of the 50 Foot Blockchain.
“It’s very thinly traded, very badly structured . . . and it’s stupendously manipulated,” he adds. “Anyone who goes in not realising just how manipulated the crypto markets are will get skinned.”
Some argue there is an art to trading bitcoin regardless — but it is a stressful business that takes nerves and can be addictive. Donnie, a.k.a bitcoin Dad, puts his successes down to careful research, “patience” and avoiding the trap of obsessive, leveraged day trading.
But others are unconvinced that bitcoin millionaires actually show investment nous, drawing parallels with gambling.
“It’s the luck of the draw, where everyone who won the draw seems to feel like they deserved it for being smarter,” Vitalik Buterin, the Russian-Canadian programmer who invented the smart-contract blockchain Ethereum, told the Financial Times recently.”
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From June 8th Globe and Mail, c&p as its behind a paywall.
“A government debt default in Barbados has put Canadian banks at risk of writeoffs, with Canadian Imperial Bank of Commerce particularly exposed to the Caribbean country’s troubled finances through loans and securities worth a half-billion U.S. dollars.
Three Canadian banks – CIBC, Royal Bank of Canada and Bank of Nova Scotia – are by far the largest lenders in the Caribbean, and each has wrestled with a weak regional economy since the 2008 global financial crisis.
The banks’ woes started to dissipate in the past three years, owing to a mild economic recovery and intense cost-cutting campaigns, but they re-emerged this week after Barbados missed an interest payment on external debt. The government has also requested assistance from the International Monetary Fund.
The default not only portends a weak economy for years to come, limiting bank revenue growth, but also directly affects the lenders’ balance sheets. As Barbados’s finances suffered over the past few years, the country required banks to hold more of their reserves in government-issued securities, to fund the deficit. As of January, the requirement is 20 per cent.
CIBC’s regional arm, FirstCaribbean, is based in Barbados, and earlier this year the bank disclosed that FirstCaribbean had US$506-million worth of exposure to the government of Barbados through securities and loans. The figures for RBC and Scotiabank have not been disclosed, however, their regional operations are based in other countries: RBC in Trinidad and Scotiabank in Jamaica.
For the moment, the newly elected government in Barbados has only suspended payments on external debt, which might protect the Canadian banks because they are domestic lenders there. But rating agency Standard & Poor’s wrote in a note Wednesday that this should not give creditors much comfort.
“Our ratings on Barbados reflect its selective default on its external debt obligations and our view that a default on its local currency debt obligations is a virtual certainty,” the agency wrote.
For CIBC, the default extends a string of challenges in the Caribbean. The problems bubbled to the surface in 2014, when the bank incurred a $420-million writedown on the division. At the end of that fiscal year, 58 per cent of the bank’s gross impaired loans emanated from the Caribbean.
Shortly after, CIBC deployed Gary Brown to Barbados. Mr. Brown was well-regarded internally for unloading some of the bank’s U.S. capital markets businesses to Oppenheimer Holdings Inc. in 2007, and the expectation was that he would clean up the division some more and then try to unload it.
After exploring a sale, according to people familiar with the matter, CIBC ultimately tried to take FirstCaribbean public in the United States this spring. The bank pulled the deal not long after, owing to limited investor interest.
A month and a half later, it is contending with the fallout from the debt default.
CIBC and Scotiabank declined to comment, while RBC said the situation is evolving and the bank remains committed to Barbados.
Although CIBC disclosed US$506-million worth of exposure to Barbados government debt, the bank may not face any losses. One plausible scenario is that maturities on existing domestic debt are simply extended. It is also possible that any losses will be contained by writing off only a portion of the government’s debt.
While RBC’s and Scotiabank’s exposures are less clear, they have already struggled with other problems in the Caribbean.
In 2014, RBC shocked its peers with plans to sell its Jamaican operations to Sagicor Group Jamaica Ltd., incurring a $100-million loss in the process. The bank has also shut down its Caribbean wealth management division.
Scotiabank, which planted roots in the British West Indies, as they were then known, with a branch in Jamaica in 1889, has closed branches across the Caribbean and centralized bank office functions to slash costs.
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Yeppp.good thing the electorate saw through the Fruendolittle scam of impending default….if none of them in the exgovernment knew what to do in the 10 years leading up to the default…which they created and which they could not stop….how were they expected to know what to do AFTER they defaulted on their payments and commitment to lenders..
Yep..the electorate did well to banish them all..lol
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@David
“At the end of the day we have to earn to support our lifestyle, you want to borrow people’s money to support a lifestyle where we are living above our means? Based on what we know the state of the economy is dire. The average Bajan does not have a clue the state of the economy. After nearly a decade of belt tightening guess what, there is more to come!”
We have to understand that some people are deliberately building a narrative which has a hidden political agenda embedded within it. The elements of this narrative are that “the condition of the economy is dire” because “Bajans love too much freeness and entitlement”, “want to live above our means” and the only way out of the “crisis” is “austerity for the working class and the poor”. But an analysis of the data does not support this narrative.
First, according to the World Bank and Mia on the campaign trail, Barbados currently has a GDP of around BD$10 billion. The BHTA states that the tourism sector is the main economic sector of Barbados, directly contributing 12% of GDP and indirectly contributing up to 40% of GDP. Speaking in Feburary 2018, then Minister of Tourism, Richard Sealy, stated that in the previous year “the island saw a five percent increase in stay-over arrivals last year, an all-time high for the destination”. Coupled with this is the recent statement from Mr Eddy Abed that there are some BD$8 billion in savings currently in the local banking system, which is equivalent to 80% of GDP. Notwithstanding the current governor of the central bank’s statement that the economy contracted by 0.7% last year, are these indicators consistent with a view that the “economy is in a dire situation”?
The issue then appears to be the state of the government’s finances. But even to understand this, we need to note that the government is only one of the claimants on the BD$ 10 billion of value that is created in Barbados. The other claimants are the workers who make their claim directly through their wages and salaries and the owners of capital and debt who make their claims through profit and interest. The government’s claim is intended to fund those services which the society requires it to provide, whether this be policing, education, health care or public transport. In reality, the government uses its power not only to provide such needed public services, but also to funnel more money to the local and foreign elites through tax concessions, contracting out of government services and the so-called corporate welfare and to disappear some into corruption and personal enrichment.
There is absolutely nothing wrong with Bajans demanding the provision of decent public services and that these be funded out of the BD$10 billion GDP as a priority over the claims of others, whether local or foreign elites. This is not an issue of “living above our means”, “loving freeness” or “having a sense of entitlement”, it is a simple statement about who should have first claim on the wealth we produce. In fact the IMF logic is that, as during the days of slavery, the local and foreign moneylenders must have first call on the wealth of Barbados. Apparently, it’s okay for them to “love freeness” and “entitlement”.
Since 1627, the mass of Bajans have had the last claim on the wealth we produce, while others have grown fat off it. That is why after 300 years of slavery, according to the Moyne Commission, the mass of Bajans were still living in abject poverty, afflicted by malnutrition and high infant mortality rates and lacking access to education and health care. The social and economic improvements that our people have experienced since those days are ours by right, which our foreparents have struggled and made many sacrifices for. We should not allow the IMF or anyone else to take them away from us.
There is more than one way to get from Point A to Point B and as Bajans, we need to put our brains together to work out how the deficit can be solved without attacking the hard won social and economic rights that Bajans currently have.
By the way, I really do hope that contributors will heed your call to stop the attacks on each other and focus their contributions on analysing the situation and putting forward workable solutions that favour the well being of the mass of Bajans.
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@ Tee White at 11:05 AM
Solutions that ” favour the well being of the majority of Bajans.” That is what we voted for. And that is where the concentration of effort and resources should be.
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@Tee White
Must confess you are losing some of us with your line of thought.
Do you deny we have been running budget deficits?
Do you deny we have one of the highest debt loads in the world?
Do you ignore we have depleted foreign reserves?
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@Northern Observer
Thanks for the info on the Canadian Banks -
@ David BU
The bulk of the National debt is local debt.
The G o B ,for what ever reason, instead of taxing the citizens opted to borrow from them.
Instead of lending to the private sector the Commercial Banks opted to lend to G o B.
The Central bank instead of encouraging the citizens to save by insisting on a rate of savings interests above the rate of inflation, allowed the Commercial Banks to maintain there spread by paying their depositors negative real rates of interest. This explains the increase of consumer spending.
It is therefore disingenuous to default on external commercial debts. Are these the suppliers of essential goods? Who are they?
Just asking. -
Commie Sing Song says “IF EVER THERE WAS A TIME for clear and principled thinking in Barbados that time is now!” I agree but the rest of it I do not.
Allow me to explain: It is not a right for people to have free UWI education and to demand such is placing a burden on us the tax payers for the government has no money of its own only what it is extracted from the tax payer., I would like to suggest that it is not free you have to pay some percentage at a minimum 50% this will ensure that the serious will make the effort and not use this time as a PARTY time as most students do especially when it’s free. Not everyone that says they want a university education should have one it should be encouraged to anyone who will work towards it via Night classes, online classes and full time for those who are exceptional.
While it is desirable to have persons with university education it should be remembered it is more important to foster an Entrepreneurial spirit and the ability to think. Microsoft was started by dropouts Facebook was started in university these are the few of the vast majority of big companies, on the local scene Chefette up until 2003 there was not a Board Member who had a university education having been in existence since 1972. It is an old saying that A students works for C students. There are always exception students or person that we need to pull out the stops for let me share this gem with you. Stop trying to make the University big up sucking the wind out of Barbados by spending so much money and take a more tempered approach as any Bajan would say “cut the cloth to suit the pocket”
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William Skinner
June 8, 2018 6:17 AM
“Here we go again equating free university education as the ONLY way to develop our citizens…..the truth is that we need true education reform and the apologists for the current system do not have a clue. A few months ago, I had the pleasure of meeting an eleven year old Barbadian child in rural Barbados, who can already pick down and put back up a car engine. He was in his father’s workshop, that Sunday morning expertly handling every single piece of machinery imaginable.
He was supposed to sit the eleven plus in a few days and his mom was worried as to how well he would do. I told her he does not need no eleven plus because he could work at any mechanic shop right now.
She told me he occasionally helps his older sister with her university physics problems.
Time to get real people!!!!”THESE ARE THE KIND OF PEOPLE THAT YOU SHOULD LOOK FOR AND OFFER A SCHOLARSHIP.
Another story is told of a man who heard God say to him to push against this big rock sticking out of the ground which he did and after many years he told God all these years I have pushed against the rock and it will not move why you told me to do it. God asked him to look at himself and he saw a man that was rippled with muscles and God replied I did not tell you to move the rock for God knew that he would be made strong and fit if he pushed against the rock.
Not everyone is made for a university education but another point why do they teach so many social courses and not science/engineering courses these persons leave university with all these social degrees that are un-hireable and end up working for the government and then they tell us how to live what we should eat how to speak and what to think. NO THANKS.
Commie Sing Song I just think you are misguided the heart cannot rule it has no direction the head must rule. But what is life without the heart. The two must work together but remember the head must rule as you will be without a rudder.
https://www.fearlessmotivation.com/wp-content/uploads/2016/10/entrepreneur-quotes-21.jpg
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PM Mottley has shown herself as a modern day Machiavelli
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@ Bernard
There was no need to default on domestic or foreign debts
Why? -
@ David BU
We need to adjust the incidence of taxes. We need to shift the burden to those who are in a better position to pay. They are fewer and can easily be traced.
In addition there are painless ways to deal with public debt . Public debt is really never repaid. But that story is for another day and in a different forum.
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Lisa Cummins is eating Caswell in the Senate. A breath of fresh air. 🤣🤣
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Has anyone stopped to notice that the Mottley administration had the wisdom to hire the absolute best sovereign debt restructuring consultants/advisors in the world?
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As I understand it, there are only two requirements for appointment to the senate. (1) be a citizen over a specific age and (2) be resident in Barbados for at least 12 months preceding appointment. The government has proposed to remove the second requirement. WHY?
There is no requirement to have a specified level of education, income, property holdings or level of attainment in one’s occupation. Just two simple requirements and it is proposed to remove one primarily to facilitate two specific individuals. I am interested in hearing why this requirement should be removed.
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Ping Pong
Let me repeat, because it is anachronistic. -
Not to mention self defeating.
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Two Broad and Different Political Approaches in Wealth Creation…
Choose the Most Productive Barbados…The Way of the Free Market by Encouraging and Unleashing Individual Entrepreneurs to Build Wealth, with less Restraints and Regulations that Stifle Innovation.
Choose Freedom Not Stateism
Since the Thatcher era, unfortunately, the variations between Free Enterprise and Statism she spoke of have become replaced by polarization; to the detriment of democracy.
The moral aspect is this… Socialism is criminal behavior because it uses force to take from people who produce wealth and give it to the elite rulers who live High on the Hog and who share that stolen wealth with a mob that supports the theft. The sad part is how few people see this fact. They just keep trying to steal from those who produce and give to the lazy (usually themselves.) and can’t figure out why they are failing.
Margaret Thatcher summed it up absolutely perfectly. And now here we are some decades later saying the same thing about the US. Oppressors don’t like Individuality or Freedom. They like Control and that Includes Control Over People.
MUST SEE: Margaret Thatcher Expertly Explains The Failure Of Socialism & Redistribution Of Wealth!
https://www.facebook.com/turningpointusa/videos/1694380257277350/
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Enuff
Fancy word but what does it mean in the context of appointing someone to make laws affecting Barbadians? -
Why not appoint children (the BLP wants to appoint children to school boards) or commonwealth citizens (they can vote once resident for over 3 years) ?
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“When an exam is to be set for a course offered on all three campuses, questions are submitted by the lecturers from all the three campuses. Same syllabus, same exam, same marker, same external examiner.”
Georgie Porgie
You are correct.
If you were to peruse the Department of Social Sciences’ regulations and syllabuses brochures of Cave Hill, Mona and St. Augustine campuses, you would notice the course outlines for degrees in economics are similar.
On some occasions you may have a Cave Hill economics lecturer, for example, formulating an economics examination for the three campuses.
Don’t worry yourself about being unable to “explain why the three main campuses score differently on global university rankings.” You can depend on the resident “high caliber journalist” to offer an explanation or expert opinion.
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“explain why the three main campuses score differently on global university rankings.”
Do all the campuses teach the same subjects ? Can you get a degree in dentistry at Cave Hill ?
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What about Barbadian citizens by descent ( Those born outside of Barbados to a Barbadian father )?
Can they be appointed to the senate?
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Hey people. We’re getting on as if Madame McConney and Mr. Adams originated from Mars. These two people are pure bred bajans and if our country can utilise them to assist us out of our perilous state of affairs, why the heck.
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“Do all the campuses teach the same subjects? Can you get a degree in dentistry at Cave Hill?”
Hants
St. Augustine, for example, has a Faculties of Engineering that offers degree programmes in chemical, industrial, civil and electrical & computer engineering……….as well as a Faculty of Food & Agriculture………
………..which are not found at Cave Hill or Mona.
However, each campus has a faculty of social sciences, law, humanities and medical studies (although Mona concentrates on specialized areas of study).
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I might be wrong….Did the Chinese Government congratulate the new administration? Furthermore, How come the Chinese Ambassador went direct and present furnishing to the NCF? Should I say protocol was overlooked?
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Ping Pong
You are talking like Adams and McConney are foreigners, and not born and bred Bajans. So Mara Thompson could be elected as an MP and Deputy Speaker of the House, but we have a problem with Barbadians by birth sitting in our Senate? By the way, did Mara Thompson renounce her St.Lucian citizenship? -
lol….ya get sick of backward and self defeating behaviours, must be something in the food..
Finally…….recreational marijuana vote by Canadian senate..
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Enuff
It is not about McConney or Adams. I am acquainted with Adams and think highly of his intellect. I have never met Ms McConney and acknowledge she is accomplished. I do not have a problem with either person however I am not convinced that the residency requirement should be removed regardless of your ‘anachronistic” designation. I hope the constitutional amendment is not being made mainly (solely?) with the two aforementioned persons in mind.The result of the other recent amendment re the position of Chief Justice should give us reason for caution.
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Since provincial election still uses paper ballots….a close relation drew a penis instead of the customary tick, which is still a vote by the way…lol





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