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Is the Chief Justice Marston Gibson IMPOTENT?

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Submitted by PUDRYR

Well it finally had to happen and CHIEF JUSTICE MARSTON GIBSON’s known competencies, or renown incompetencies had to come to the surface or, as bajans say, “day has run, till night catch it”. Here is the matter in a nutshell.

The City of Bridgetown Credit Union made a qualified loan to Mr. Morris Lee and some family members. They were all members in good standing with the credit union BUT FATE WOULD HAVE IT, because a certain CEO, had his eye on Lee’s properties, it is purported that he directed THAT THE SECURITIES FOR THE LOANS were to be (a) Lee’s Minibuses, (b) a house and land, (c) and apartment building  and (d) ½ acre of land all valued at roughly $5.2M which was TWICE THE AMOUNT OF THE LOAN secured.

But what is really disturbing is that “the assets that were used to collateralize the loan”, WERE NOT THE PROPERTY OF THE MEMBERS WHICH THE CREDIT UNION GAVE THE LOANS TO. Yes sireeeee, Steve Belle and his ingrunt CoB lawyers, securitized the man loan with assets of private companies!

Now let me explain to wunna people cause wunna is not idjits how this works. The CoB can lend money to its members, AS WELL AS “bodies corporate”. BUT THESE BODIES CORPORATE have to become members of the Credit union. IN LEE’s CASE, THIS STEP WAS NEVER DONE so what happened was that while there were 4 companies involved in the loan transaction, Lee’s bus company and 3 real estate companies, NOT ONE WAS MADE A MEMBER! Well once wunna understand the above backstory, wunna is up to speed with all the background CoB trickery in this matter.

Now let us deal with the incompetence of CHIEF JUSTICE MARSTON. It would appear that the Chief Justice HAS BEEN MAKING SOME REAL BIG INGRUNT MISTAKES.

Illegal Orders to repossess the incorrectly listed assets of the 4 non credut union companies, were given to the court by Court Master Debra Holder. She did not listen to TO THE EVIDENCE PROVIDED BY MR. LEE who told her that CoB had not properly securitized the loans.

One further detail for all readers. Wunna remember a man called Ernest Jackman, the lawyer who always getting lock up for client funds? He was Lee’s lawyer and he was doing some of his famous underhand tricks but we will return to that.

So now, when the illegal order gets executed on the assets THAT WERE NOT LEGALLY SECURED, Steve Belle CEO of CoB, gives instruction to get the various assets repossessed. These  included 6 buses and 2 SUVs which Steve claimed “were all inoperable at the time of repossession” ALL OF THEM!

Now here is another joke. Even though the bailiffs drove these vehicles away from the bus stands, WITH POLICE ESCORTS, (and wunna dun know that the Royal Barbados Police Force does only arrest poor black people cause Tasker still free and Innes she still free) Steve say that they were inoperable cause he can auction them off cheap. Lee approached the impotent CJ for an approval for the injunction concerning CoB Credit Union cases CV993/2016 and CV994/2016 to be heard as an urgent matter. And the CJ so orders an urgent hearing on 15th March 2019

The same impotent CJ Marston sends the matter to Dr. Sonia Richards and she refuses to hear it and returns the item to the CJ, without explanation. Even though he is Chief Justice what has happened over the last 4 months, is that all his instructions to 2 judges, to hear the matter on an Injunction with Urgency have been ignored by his subordinates.

By now, all of you readers can see why this submission has the word IMPOTENT because the CJ is so ineffectual that HE DOES NOT KNOW WHAT OTHER STEPS HE CAN TAKE IN THIS MATTER. The man is really just “winging it”. It is obvious there is no respect for this man and if MARSTON IS TO BE FIRED, THIS MATTER SHOULD BE THE INCIDENT THAT CUASES THIS TO HAPPEN.

Chief Justice Marston Gibson IS A POOH POOH MAN!

Wunna all unnerstan whu happen so far?

  1. In simple terms City of Bridgetown did not securitize their loans properly to their loan recipients.
  2. They gave loans but the security DID NOT BELONG TO DE PEOPLE THEY GAVE THE LOANS TO.
  3. The assets belonged to 4 non member companies.
  4. When Justice Debra Holder gave CoB the Court Order she erred in that action big time!
  5. Lee and his family rightfully sought to appeal said incorrect Court Order
  6. The CHIEF JUSTICE agreed that his matter had merit for urgent consideration
  7. Marston’s subordinates refused to carry out his instructions for 4 months
  8. During this time, Steve Belle and the City of Bridgetown is using its agents, the Royal Barbados Police Force, the Court Marshalls, the external lawyers, to ride roughshod over Mr. Lee

None of you will believe this but Steve Belle, CEO of CoB, up on the trucks dat are now repossessing properties that ARE NOT THEIRS UNDER THE LAWS OF BARBADOS and taking people’s contents to the St Thomas landfill.

Yes siree, Steve Belle got a bolt cutters and drilling machine and drilling out people locks WHILE PROTECTED BY THE COURT MARSHALLS who say dat “Marston is a boy in de yard and that “they are acting upon an authority that is higher than he!” Which has to be Attorney General, or the Governor General, or the Prime Minister.

Look what Barbados has come to – the criminals are killing us in the streets and the other criminals are killing us through the Court.

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394 responses to “Is the Chief Justice Marston Gibson IMPOTENT?”

  1. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    Barbadostoday is merely another government pimp newspaper…they too refused to print the Apes Hill closure and the violation of the workers rights by evil, tiefing Cow Williams…….all you corrupt bastards gotta go.

  2. Georgie Porgie Avatar
    Georgie Porgie

    @ HAL

    RE You do not need to teach financial analysis in schools, just good functional maths at age 14.
    AS WAS THE NORM WHEN THE STANDARD 7 SHOP KEEPER USED MENTAL ARITHMETIC

    YES INDEED WE HAVE CERTAINLY GONE BACKWARDS LED BY OUR MANY INFERIOR SUPERIORS IN CHARGE

  3. David Avatar
    David

    Some of you criticize for the sake of it. Barbados is hosting the meeting which is being mediated by Norway.

  4. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    And LYING, FLYING Mia…just ran up to the ILO only last month…telling lies, knowing that these Apes Hill worker’s rights were being VIOLATED by criminal cow williams …..LIAR..

    ….and that was just before she flew off to her ILL-FATED ” human trafficking” trip to Moroccco…

  5. John A Avatar
    John A

    @ Hal.

    Basic maths is a start but some level of basic accounting needs to be included. To be able to add 3 rows of numbers is one thing, but to understand the principle say of depreciation is another.

    For example a budding entrepreneur needs to know that although he banked say $1000 today, that doesn’t mean he can go and spend $900 partying tonight. He has to understand how to read his payables against his receivables.

    They need to go deeper than just 2×6=12 and 12÷6=2

    A basic business and financial component needs to be added. Even if those present do not open their own business, this knowledge will serve them well if they put money in credit unions or other entities whose financials are shared with them at AGMs. We may have an island of well educated people but we also have a country with many financially illiterate individuals as well.

  6. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    Oh well, Vonda is REALLY SCREWED NOW…..lol

    note how quickly the court of appeals rendered a decision, under 8 years, less than one year…pretty impressive, now let’s see if they can actually CONTINUE that trend…

    https://www.nationnews.com/nationnews/news/240659/victory-bar

  7. Hal Austin Avatar
    Hal Austin

    @ John A

    Functional maths includes simple and compound interest; ratios; angles; shapes; problem solving. All 14 yr olds should be familiar with these concepts. In the old days we had a school leaving certificate..

  8. Georgie Porgie Avatar
    Georgie Porgie

    I AGREE WITH BOTH YOU & JOHN A

    THERE IS ALSO THE NEED TO TEACH HOW TO USE CREDIT CARDS TO YOUR ADVANTAGE AND HOW PAYING A LITTLE EXTRA ON A LOAN EACH MONTH DESTROYS THE INTEREST AND CAUSES AMORTIZATION OF THE LOAN QUICKLY

    TAUGHT MY BOYS THIS WHILE THEY WERE TEENS
    GAVE THEM STUFF TO READ THEREON

  9. David Avatar
    David

    @John A

    You point is taken there is a difference between basic mathematics and accounting.

  10. John A Avatar
    John A

    @Hal.

    That would be a start but if we want to equip people to own and be part of the world of business more is needed. If I gave a 14 year old the job of writing me a tax invoice for 3 items that are vatable, 3 that are exempt and three that are zero rated all on one invoice, how many you think would have a clue of how to start?

    We not talking about maths skills here, we talking about the need for real world financial knowledge for one that is constantly changing. In the old days a shop keeper could add and subtract yes, so he would take out the drink truck money and put one side for when it pass and operate out the rest. He didn’t have vat to worry about, or the fact that being vat registered he would have every 60 days to cut BRA a cheque. Most didn’t even use depreciation when they bought a new fridge. They just ” jucked” the whole cost of the fridge in the expense column.

    Too much has changed in business for anyone to succeed by just knowing how to add and subtract. Why do you think there is so little interest in the finances of this island by the public? It’s simply because most don’t understand it so they just adopt the attitude of ” I can’t bother my head wid dat.”

    You cant expect people to take a topic they don’t understand seriously. If we want shopkeepers to graduate to supermarket owners more is therefore needed.

  11. David Avatar
    David

    @John A

    What you are explaining is basic. The flipside to this is how do we raise civic awareness in the society. If the society is to slip from the rut we find ourselves some bold decisions have to be made. We cannot continue to educate and do business as normal. Have we heard from Santia Bradshaw about the plan to revamp the education system?

  12. John A Avatar
    John A

    I doubt if you gave 20 children on leaving School a cheque book to balance few could do it.

    Look at how some segments of the community operate and learn from them. If you notice their children attend school in the week, but on the weekend they get their business education helping in the family store.

    Book learning vs real world application.

  13. John A Avatar
    John A

    @ David

    Let me play devils advocate and ask you a question. If you were a politician would you want to place the electorate in a better position to question your actions?

    We as a people must seek the knowledge our selves. We must not wait on it to be shared with us by government. If the credit unions and other NGO S wanted to truly do something they should take this up and run with it. Then again they may not want their members being able to question them either!

    The master chef teaches his apprentices to cook but he gives them the sauce not the magic ingredients for it.

    For that reason we must seek knowledge for ourselves.

  14. Hal Austin Avatar
    Hal Austin

    @ John A

    The problem is with the teaching and content of the course. A school leaver should be able to do the maths on compound interest (ie mortgages and credit cards), tell if their pay slips are correct (ie deductions of national insurance, income tax etc), keep basic household accounts (ie income versus expenditure). School leavers do not have to be book keepers.
    The problem is that we need to raise the overall level of English, maths and ICT. We have schools that are empty in the evenings and weekends. Government (and community groups) can offer free lessons in those subjects and hire retired teachers and unemployed graduates to teach them.
    In the UK these courses are free up to and including GCSE, and it is interesting to see who are the people who take them and those who don’t.
    If you are running a small business, | suggest you get Sage or professional help..

  15. David Avatar
    David

    @John A

    We have discussed on BU pages many times the extent to which the political class has hijacked the system of government . Do not forget the political class must of necessity pander to the economic class to survive. The question for you therefore- how can the people win government in such a scenario.

  16. John A Avatar
    John A

    @ Hal

    @ David

    Hal I think what you have outlined would be an excellent start. Make use after school of many of those buildings and other public properties for purpose of this type of education. Once a groundswell movement is created government will have no choice but to be part of it. Let me show you below how even the ministers who should know better lack basic understanding of how things work.

    You remember when the last government moved the vat threshold from $60k to $200k and how Sinkler and his band of sheep all were thumping the desk like if this was a great thing for small business? The clowns didn’t even understand the blow they had delivered to small business with this move, let me explain.

    Let s say you were a small producer of product selling under $200k you would now not vat registered, sounds good right, no paper to file?

    Now a larger producer who you have to compete with to get into Massy say, is however Vat registered. He therefore can claim back the 17.5% vat that he pays on his input where you can’t. So immediately besides being larger than you, he now has a massive cost advantage as well. You therefore either have to swallow that higher cost and try and compete to get in, which few could do long term, or be content selling to small players at your higher prices.

    So while DEM was busy thumping desks and skinning teeth, the opportunities for the small manufacturer to compete on a level playing field and grow his business was wiped out.

  17. William Skinner Avatar
    William Skinner

    Once more we are assuming that the masses are ignorant and don’t know what’s going on. About a year ago the masses correctly kicked the DLP out of office in the most comprehensive manner.
    The masses were the backbone of the 1937 riots that literally created the trade union movement and damaged the colonialists.
    This condescending attitude toward poor ,mainly black working class people is an insult and ingratitude, that is embedded in classism and essentially bourgeoisie thinking.
    Rather than target those who exploit the masses , we are critical of the them.
    No wonder the state is considered to be failing because those who believe they have the answers seem to be nothing more than pawns of the same decadent political class they pretend to despise.

  18. John A Avatar
    John A

    @ David

    When the above was done I can recall only Lynette Eastmond and the head of the Small Business Association saying anything about it. Other than that it was left untouched by the rest of society, even those who would of been affected but were not aware at the time.

  19. John A Avatar
    John A

    @William

    No one here is accusing the masses of being ignorant. What we are saying is that we as a country need to open the doors to them to further understand the intricacies of finance so that their chance of succeeding is greater.

    Why must a talented man work in a supermarket for his life when with help, he could open his own minimart and grow from there? What we want is to give the public the knowledge they need so that we never again have to witness the riots of 1937.

    As for the 30 to 0, the BLP won by
    A large part based on the basic stupidity of the last government and the hunger for change in the stomachs of a populace that was totally fed up with the blunders made.

    They voted based on being told they were paying too much tax and deserved better. They because of a lack of economic understanding, did not stop to ask those seeking the X how they planned to do it though.

    Do you now see why we must teach our people the basics of business and economics? The same rules apply to running a company as a government when it comes to finances.

  20. Hal Austin Avatar
    Hal Austin

    @ John A

    Most small business people are not accountants. They should concentrate on running the business and leave the accounts to professionals.
    As to teaching ordinary people high finance, remember the Nobel Laureate (read the history of Long-Term Capital Management) who ran his hedge fund and it collapsed, and had to be bailed out? People who have studied and worked in finance do not have the confidence you seem to have.
    I have two in laws with degrees in finance from a good university, one with first class honours, one is unemployed and the other under-employed. I appreciate the UK is different, but we can exaggerate these qualifications. Some people have qualifications in subjects they have not studied since leaving college.
    The immediate challenge is to raise the overall level of literacy and numeracy in the community as suggested. Teaching the basics of business and economics beyond functional maths is a grand ambition, but that is not the role of the school. The school’s job is to prepare children for further study or the world of work.
    Many of our qualified economists, as shown n their public utterances, know very little about the discipline.

  21. Artax Avatar
    Artax

    “Let’s say you were a small producer of product selling under $200k you would now not vat registered, sounds good right, no paper to file?”

    This was not as easy as it appeared to be.

    Those businesses earning $80,000 per annum who became exempted from filing VAT returns as a result of the threshold being increased to $200,000 per annum, could not immediately stop applying the 17.5% to their invoices or filing VAT returns.

    They first had to apply to the BRA for exemption and officers from that department then had to review their transactions to determine if they were eligible to be exempted, even though a review of their filing history would have indicated revenue did not exceed $80,000 per annum.

    As you know, due to the lackadaisical attitude of our public sector employees, this would be a long drawn out process, during which time those business owners had to continuing charging VAT and filing returns. From my experience, several of them chose not to undergo this complicated exercise and opt to continue operating with VAT as usual.

  22. Vincent Codrington Avatar
    Vincent Codrington

    @ John A

    There is form and there is substance. Accounting is for the most part form. The substance is arithmetic which any 11+ student can do. Depreciation is only relevant in reducing taxable income. Does it really matter for the small business man whether he writes off a stove as expenses in year one rather than in 10 equal yearly installments ( the life of the stove)? A 12 year old can reconcile bank statements if shown what form is required. It is addition and subtraction.

  23. John A Avatar
    John A

    @ Hal

    I agree with you on that and have always said ” book smart ain t street smart.”

    All we need is to give the public the basics and they can then take it from there. We want them to understand why when they go in a store and the price is shown as ” only $99 a month with 36 easy payments” but the cash price is written somewhere else in small print. We want them to know how to compare the cash price with the $99 x 36 months and understand why.

    Your point on well educated people not getting ahead, I like to compare to my parrot. He knows over 100 words but don’t ask him to explain the meaning of one!

    To be able to learn and retain does not guarantee anyone real world success. It simply means you have a good memory and are capable of recovering taught lessons.

  24. Vincent Codrington Avatar
    Vincent Codrington

    @ David Bu at 8:49 AM

    What exactly do you mean by this intervention ? Do you want to blame the Economic Class ,whoever they are , for the failings of the state? We the electorate never voted for an Economic Class.

  25. John A Avatar
    John A

    @ Vincent.

    I only used depreciation as it’s a tool that any business with assets must be aware of for growth. Let me bring it home here to a recent example.

    Remember a few months ago this government gave persons wanting to start a small business a grant of $5000. Was that grant tied to the receiver of the funds attending say a 1 week seminar on the basics of business? No it was a case of here take the $5k and good luck.

    Had those persons been told to get the grant money you must attend this one week seminar, do you not think their chances of success would be better in todays economic environment?

  26. Hal Austin Avatar
    Hal Austin

    @ John A

    That is functional maths. You would be taught that in the UK on level two maths – below GCSE. It is not rocket science. And on all our finance pages of national newspapers there will be explanations. We also have Which?, the consumer group.
    These things are absent in Barbadian society, may be we are punching above our weight. Barbados is like an alcoholic, before we can get over the fact that we are a failed state, we must accept that we are.

  27. John A Avatar
    John A

    @ Artax

    Yes you are correct but is that not just another case of where we put things in place without first ensuring the back end is operating? In the meantime you throw the small business person out there and tell them sink or swim.

    My concern was more with the principal of the decision than the mechanics of transitioning through the decision though. My point was that a person now selling under the $200k was at a serious disadvantage cost wise as compared to his larger competitor, based solely on the fact that he would be at a 17.5% cost disadvantage off the bat.

    Your point about those that were selling over $60k but under $200k is a whole other can of worms, as many even to this day have not gotten their issue settled for the transition.

  28. John A Avatar
    John A

    @Hal

    I love that comparison and here smiling at it. “It is as Dr Phil would say you can’t change what you don’t acknowledge.”

    You are right though that is what it all boils down to in the end sadly. For our people to get more they must first demand it.

  29. Artax Avatar
    Artax

    David BU

    Could you imagine for up to two years, I was unable to file income tax returns for partnerships, because they weren’t any officers at Inland Revenue/BRA who were au fait with that filing process and TAMIS made a “bad situation worst” for them?

    We have “a lot of square pegs on round holes” in the BRA dealing with VAT and income tax issues…… some of whom could be very vindictive.

    Let me give you an example. There was a former police officer who was subsequently employed by the then VAT Division. Acting under his authority, he ordered a review of the transactions of a certain supermarket owned by his childhood friend, let’s call him, Lynley.

    When cash was available, Lynley purchased stock in bulk. The VAT officer told him that purchasing stock in bulk was against VAT rules.

    In other words, if Lynley purchased $3,000 worth of stock in January and February, when filing his VAT return for both months a refund was calculated. The VAT officer prorated the $6,000 over a 6 month period and recalculated the purchases at $1,000 each for January and February, which resulted in Lynley’s VAT return for the period null and void and him having to pay the VAT Division, in addition to interest and penalties.

  30. Vincent Codrington Avatar
    Vincent Codrington

    @ John A at 10 :40 AM

    They should not have been given the $5000 in the first place. That act reinforced irresponsibility and mendicancy. Entrepreneurs are not given capital. Where is the incentive to earn and be creative? Was this gift accompanied by a market of citizens with income to purchase these goods and services? On one hand you reduce spending power and increased financial” capital”. You must be joking. ext!!

  31. charles Skeete Avatar
    charles Skeete

    “We got rid of the Barbados Foundry to build a court building for our lawyers dressed in their robes;”

    Robert – that is the first statement made by Mr Austin in relation to the demise of the Foundry so he was dead wrong. Attempting to change his tune by invoking other factors into the equation does not negate from the intention of his first statement nd on top of it raher than apologising for his error trying to make Gabriel look likea fool.

  32. John A Avatar
    John A

    So basically what the Vat office did there was increase the cost of living to the final consumer as Lenny was forced to finance a sum he should of been entitled to pick up as an input cost in his 60 day vat period.

    Don’t surprise me one bit.

  33. Artax Avatar
    Artax

    John A

    I understood the point you were making. I only presented another side of the scenario.

  34. John A Avatar
    John A

    @ Vincent.

    Well said, in other words government broke every rule ever used in promoting successful entrepreneurs in one fellow swoop.

    So tell me if government do not understands the basics of promoting such a sector who will take the lead then in educating them?

    More bottles coming your way now! 😊

  35. David Avatar
    David

    @John A

    Your point about finding a way to nurture a culture that would promote greater financial literacy by actors in the SME sector is taken . Given your hands on experience it reinforces it. Not only would it assist with management of the enterprise it helps the sector to more intelligently address sector issues.

    The other point about the lack of response to the VAT change by the sector supports the point.

  36. David Avatar
    David

    @Artax

    There is an arbitration process the public should be able to access?

  37. John A Avatar
    John A

    @ Artax.

    Thanks for bringing that side up too as it just goes to show even when you try to do business the correct way the system or lack there of, frustrates us even more.

  38. David Avatar
    David

    @Vincent

    We understand the theory how the different cohorts in civil society should function. The reality is that the economic class in the capitalist environment we operate have coopted the system.

  39. William Skinner Avatar
    William Skinner

    We tend to over intellectualise every single issue. Without opportunities how can anybody improve themselves. We need to deal with the reality that wealth distribution is the major problem. We buy the cars but don’t own a single car dealership.
    Many of the mini buses on the road are owned by others. One individual owns at least a third of all arable land. We still have people earning less than $300 per week.
    These are the social and economic realities the poor Black people who are the majority confront on a daily basis.
    In the midst of these long standing inequalities, the poor are now being hammered by an austerity program that see them being retrenched and meagre savings savaged.
    These are the realities that the majority of black citizens face at this moment.
    No amount of academic/ intellectual oneupmanship will solve these problems.

  40. charles Skeete Avatar
    charles Skeete

    “It was Barrow who drove the Iraqi Supergun to Antigua. It was Barrow who gave Texas Instruments a five-year tax free deal and they pull out at the end of the five years. Not only that, it was at the beginning of the technological revolution and we did not get any skills/knowledge transfer. It was Barrow who killed off the shrimp industry. We went backwards”

    Wrong, wrong, wrong. First of all the gun was Israeli not Iraqui but it is disingenuous to blame Mr Barrow for what you consider failures.All Governmwnts make mistakes in theirpursuit ofpolicieswhich they consider to be in the interest of the countryso Mr Baroow would not stand alone in this regard but only a fool would fail to recognize the transformation of the country between 1960 to present.Inaddition Mr Barrow with his close contacts with Mr Burnham established Sea Foods Ltd to harvest shrimp in Guyana waters for sale to Barbados, Mr Kyffin Simpson and Chally Jones were involved but the project like any other Government project not properly managed went bankrupt to the extent that the late Sir Harcourt Lewisin his evidence beforethe Duffus commisson said the shares were not worth a penny. Mr Barrow despite his errors of commission did Barbados proud.

  41. charles Skeete Avatar
    charles Skeete

    “@ Vincent Codrington July 9, 2019 4:52 PM

    These things happen whether you please or displeased women”

    Please keep your experiences to yourself Mr Codrington

  42. William Skinner Avatar
    William Skinner

    It will be very difficult to deny that Barrow 61-76 did not usher in a new period of prosperity. We have been essentially downhill in transformational leadership since then. However in my humble opinion the 1974 Public Order Act and Barrow’s blunt refusal to create a new economic program of progressive economic enfranchisement for the masses, in many ways blotted his legacy.
    The next great opportunity to create progressive enfranchisement was under Arthur and he failed as miserably as Barrow. Many of the current deteriorating infrastructure should have been halted under Arthur but he was about being a technocrat and trying to be a very ruthless politician as his subsequent assault on Mottley clearly revealed.
    As is generally accepted 2008-2018 were disastrous .

  43. charles Skeete Avatar
    charles Skeete

    “For example a budding entrepreneur needs to know that although he banked say $1000 today, that doesn’t mean he can go and spend $900 partying tonight.”

    Basic Commonsense

    ” He has to understand how to read his payables against his receivables”

    Speculative impositions to the recording of receipts and payments to make accounting for transactions into some form of science in which to be proficien calls for unrelenting study and intellect when in truth and in fact what the entrepreneur needs to know on a daily basis is “how much cash he has in hand” otherwise his cheques would bounce and no receivables or asstes or depreciation can remedy that.

    Its the bottom line that counts when you appoach thebank for a loan or connections not expectations.

  44. Vincent Codrington Avatar
    Vincent Codrington

    @ Charles Skeete at 11 :36 AM

    I cannot reconcile your response with my intervention at 4 :52 PM. Is the referenced intervention correct?

  45. charles skeete Avatar
    charles skeete

    ” I appreciate the UK is different, but we can exaggerate these qualifications. Some people have qualifications in subjects they have not studied since leaving college.
    The immediate challenge is to raise the overall level of literacy and numeracy in the community as suggested. Teaching the basics of business and economics beyond functional maths is a grand ambition, but that is not the role of the school. The school’s job is to prepare children for further study or the world of work.
    Many of our qualified economists, as shown n their public utterances, know very little about the discipline.”

    EXACTLY. YOU NOW MAKING SENSE. I CAN SPEAK OF COLLEAGUES WITH QUALIFICATIONS WHO RAN DOWN THEIR PARENTS THRIVING SHOPS/BUSINESSES ON INHERITANCE IN A JIFFY.

  46. John Avatar
    John

    William Skinner
    July 10, 2019 11:50 AM

    It will be very difficult to deny that Barrow 61-76 did not usher in a new period of prosperity.

    ++++++++++++++++++++++

    Barrow came to power and found a booming post war economy.

    World demand for sugar after WWII was soaring and prices were high.

    He found plans for and resources allocated to the development of the Deep Water Harbour and QEH.

    He and his buddies then proceeded to dismantle the very source of the prosperity and convert the land asset into cash.

    The cash was consumed or went out of the island and did not fuel alternative economic growth.

  47. charles Skeete Avatar
    charles Skeete

    “@ Charles Skeete at 11 :36 AM

    I cannot reconcile your response with my intervention at 4 :52 PM. Is the referenced intervention correct?”

    Forgive my ignorance. I was trying to relate to your earlier post referincing certain commentators ncluding myself as pen pushers rather than lady pleasers.

  48. Tron Avatar
    Tron

    @ Hal Austin July 9, 2019 5:39 PM

    Dear Hal,

    These are all very important points. Barrow has driven all international investors and technology out of the country with his arrogant manner and his welfare state hybris. He wanted to make Barbados a North Korea in the Caribbean with no future. He was so keen on the job as Prime Minister that he ignored all the BLP’s legitimate warnings about the Declaration of Independence.

    And what do we have after half a century of socialism???

    We have a completely overvalued currency and are no longer competitive because, in the 1970s, after a long night of drinking, Barrow probably had a hallization of 1:2 together with his central bank gov. At least historians assume that …

    We have thousands of UWI graduates, but only new jobs in the tourism industry for which you don’t need even 4 years of school.

    We have a bloated state apparatus so that the naïve indigenous masses can get a piece of bread.

    We have the highest taxes and the highest debt because some idiotic politicians in the past wanted to copy all rotten consumption habits from the North: fat people, big SUVs and lots of fast food.

    The roots of all evil lie in the 1960s and 1970s. It’s time to enter into a critical discussion about the former Saint Barrow and ultimately deprive him of the status of a national hero and look for a reasonable person for the $50 bank note.

    But the worst thing is that 90% of all commentators here still believe in the welfare state because of their sclerotic condition. Let me tell you: What you see is not salvation, but the angel of death for the island.

  49. Vincent Codrington Avatar
    Vincent Codrington

    @ Charlie Skeete

    Thanks for the explanation. . The intention was to emphasize the unexpected ‘kick back’ when white collar workers seek to impress with their expertise as blue collar workers.

  50. Vincent Codrington Avatar
    Vincent Codrington

    @ Tron at 12 :38 PM

    Most national leaders tend to lead their country to prosperity within the physical and cultural parameters that exist. We have a tendency to look back with 20/20 vision and condemn the efforts of past leaders. There is no template for outstanding leadership. Our leaders do the best they can. Barbados has little to be ashamed of in our post WWII social and economic transformation.

    We can only seek to influence the present and may be the future. This BLP/ DLP Duopoly model is getting us nowhere fast. We are stuck in an intellectual rut.

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