2020 – 2021 Estimates Debate

The Upper House is currently debating the Estimates 2020 – 2021. Debating is a strange word given the fact the Barbados Labour Party won all the seats in parliament 30 to 0. A wart of the government system.

The 2020 -2021 Draft Estimates document

2020 Estimates Draft

Follow the debate from 10AM of Parliament TV.

http://www.youtube.com/c/BarbadosParliamentChannel

222 comments

  • A very low keyed affair this year. Surprisingly so.

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  • @ David

    I’m surprised you ‘said’ the ongoing Debate is “a very low keyed affair this year.”

    Especially when one considers, previously, an adequately numbered Opposition would have ‘lively up’ the debate with political grandstanding and rhetoric, while using the opportunity to criticise the ‘government’ on some issue or policy. And, a fellow making a ‘political point,’ would have been accompanied by loud thumps on the table.

    As it stands now, the Opposition is one (1) man, whose voice in Parliament is what you should have described as “low keyed.” So, ‘government’ would be essentially debating amongst themselves.

    However, couldn’t you have presented a synopsis of the Debate so far, which would have prevented us from having to listen to almost 11 hours of YouTube videos, just to make any meaningful contributions to BU, on the topic.

    Liked by 1 person

  • @Artax

    Low keyed as far as public and media commentary is concerned.

    Like

  • buyers’ remorse it sounds like

    Liked by 1 person

  • A man in serious debt would scarcely not want to be seen driving top end cars or keeping too much noise ; living lavishly. His creditors would ask him what happening. Better for him to keep a low profile and hope to win the lotto or find oil in his back yard.

    Liked by 1 person

  • Bottom line is country going into $230,000,000 further debt, hummmmmm

    Liked by 1 person

  • @ Wily

    True that is the summary of 771 pages for sure. Add to that the fact that we debt service going be $300M more than budgeted this year and wunna can expect more taxation and economic contraction.

    End of summary every body go to the beach now.

    Liked by 1 person

  • @ Wily

    Are you sure? This government has been telling us how reserves have grown and how the economy overall will grow remarkably. Surely something is wrong?
    Seriously, what has happened with the White Oaks provisional agreement with the external creditors? When are we going to get the full and final agreement.
    This government has turned lying in to a fine art. It is disgraceful

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  • @John A

    Which debt ratio are you referring, domestic or foreign.

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  • @ Hal

    I find you asking too man questions today. What more you want to know?

    The minister say WO going save us $1billion in the first year. The fact we debt service end up being $300M more than budgeted is just a “small” difference.

    Plus the chief economic advisor said BERT was going to be the pillar of growth. Somehow though we coming up lean on the revenue side so we going tax wunna a little more to close the $200M shortfall.

    You realise if we had collect even half the $400M we give way in VAT we could of had a balance budget? Anyhow kindness is a good thing plus we done give it away already.

    If it wasn’t so said it would be laughable.

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  • @ David

    We had budgeted from memory a debt service of $575M in the first year and it ended up being over $800M. If you go to the earlier article titled debt restructuring a sea of change you will see it there. Came as a result of the inclusion of short term paper.

    Surely Straughn must of known that when he made his proclamation of saving a billion dollars in year one?

    My point is both the debt service and the shortfall on budget must now be financed. Anyhow don’t let me digress to an older article here, but instead stick to the estimates as Vincent dealt with that under the IMF article.

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  • @John A

    So you are referring to the domestic debt.

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  • @David

    Whether domestic or foreign it still has to be serviced. To me the relevant part is that the debt service cost has to be financed from revenue as well. All we ever got was broad statements about how much the restructuring saved us but as Hal questioned above where were the final specifics. We now know for sure it definitely has not saved us a billion dollars in the first year as promised.

    My point is that the 2 are intertwined now as the ” success” of the debt restructuring will now have an effect on the estimates. Anyhow as I said I don’t want to muddy the waters in terms of discussing the estimates.

    Liked by 1 person

  • @ John A

    Your energy is remarkable. Unlike some, you are spot on every time. There are only four ways for governments to raise money – taxation, borrowing, cutting back on spending, or growing the economy.
    We know BERT will not grow the economy; people are crying out about taxation, government is borrowing like there is no tomorrow and sacking people and cutting back on projects.
    The most important commodity in politics is trust, once you lose the trust of the people you are gone. In less than two years this government has lied to the public on so many occasions it has turned it in to an art. It cannot be trusted.

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  • @ Hal

    I will tell you that my biggest worry now is the impact this will have on our people, especially the ones at the lower end of the income scale. Add that to the fact that every additional dollar taken in taxation is one less for economic growth and one can’t help but ask where will growth come from?

    We spent millions on a debt restructuring which has resulted in what in real terms? Clearly it has not helped our cash flow as we have come up with a $200M shortfall in year one. So pray tell where did the $billion dollar surplus cash flow the learned minister spoke of go?

    All this and the dam opposition we paying quiet as church mice!

    Liked by 1 person

  • @ Hal
    It doesn’t help when you have apologists and pro Duopoly media operatives dominating public discourse.
    Read in the press that nobody knew that parliament was being moved. Do we know if the government / people own the building; is it owned by Ernst & Young. Are we paying rent?
    Whatever happened to those calling for transparency?

    The Duopoly Rules

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  • Vincent Codrington

    @ John A

    Do not follow David Bu down the rabbit hole. You should ,by now, be aware of his modus operandi of creating confusion to distract from the fundamental issues. National Debt comprised of both domestic debt and foreign debt. That is the official and generally accepted definition. Why all of a sudden does he want to parse them. When a budget is not balanced there has to be borrowing, as you quite rightly pointed out.

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  • Vincent Codrington

    @ John A cont’d

    Or tax . Which you also pointed out in this and previous interventions.

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  • Another Gem:
    Fisherfolk are no longer cutting up small dolphins. Dolphins weighing between 5 and 9 pounds are now being sold whole for $8 or $9 per pound.
    The larger dolphins are being sold to hotels where they can fetch a bigger price.
    End result : if a poor person ain’t got between $40 / 50 they can’t eat a piece of dolphin.
    Go figure……..

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  • @John A

    You are all over the place this morning.

    Let us start again. We have transitioned from a state caused by acculated deficits for ten years which equates to debt. The government took some austere bold decisions to destroy some of the debt in the system. It is commonsense that during a time of austerity there will be pain, it will not be business as usual. Now that the early phase of the austerity program is advanced there is a focus on ramping up investments and other economic activities. We can agree to the methods or approaches but you and I know things will not get better by flicking a switch. What we can agree is the need for actors to be transparent and lucid in their public messages.

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  • @ William

    I thought you knew that scam. At Oistins someone I know recently bought some flying fish and asked the hawkers to gut them first and she was asked to pay. Nothing about customer service. She then said she wanted the ‘melts’ and was told she had to pay for them, even though she had bought the fish and paid for the gutting.
    She also ordered some fish (king or dolphin, or whatever) and asked for a few steaks and was told she had to buy the whole fish. She then asked for them to be cut in steaks and again was told she had to pay for that service.
    @William, Barbados is a gangster country, from top to bottom they are out to defraud people, especially if they look as if they are from overseas. It is not just the lawyers.
    At Massy’s in Oistins they sell a bottle of rum advertised for Bds$39.99. The same lady ordered a bottle hand over $40 and stayed around waiting for her change. After a time, she asked the rather plump check out lady for her change and was told “we do not give such change”.
    Unfortunately she picked the wrong person who created a scene at the check out. It is theft.
    Whether your change is one cent or a million it is their duty to give people their money.

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  • @Hal,

    man that is another issue that gets my goat- that cent business. Govt should stop issuing cents as a form of currency. it is a waste of time.

    business should be made to fix their price to the nearest 5 or 0. i mean what is the sense of pricing something at 39.99? why not $40? man, the woman was right to ask for her cent change.

    and to be honest i would stop issuing the 5 cents too and round everything off at 0.

    i have learnt over the years to speak bajan in Barbados. if one can help it, try not to appear foreign and especially not black Brit. that is a magnet for ripoff artists in Bim. it seems to me that bajans view black Brits as easy targets.

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  • Vincent Codrington

    Hal Austin

    For some years now cents have been withdrawn from circulation. If you pay by cash the cost is rounded to the nearest 5 cent. There are no cents in our currency. I do not believe that a sensible and sensitive customer will make an issue of 1 cent in change.

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  • @ David.

    Let’s stick to the issue and forget the smoke.

    We have a $200M deficit and a debt service regardless of where it come from that is over $300M more than budgeted. How we get this is only a exercise in semantics. Point is we here!

    We also were promised by Straughn a billion dollars in surplus cash flow. That clearly was a joke as we now have a $200M deficit instead. Those are the issues we must discuss. The rest now is all history. The point is this is where we are now. So it is from here we must discuss. So again I ask where de billion dollar surplus cash flow gone dat we pay WO millions to get fuh we???

    Liked by 1 person

  • @ Vincent.

    I very careful of the holes I jump in so you know I ain’t going down that one. Lol

    Liked by 1 person

  • @ Mr. Skinner

    The nonsense you described with fish vendors has been happening in Barbados for years, and prices progressively increase as Easter approaches.

    I’m not sure if you’re aware that, from Wednesday, May 7, 2014, Barbados Central Bank ceased issuing the 1¢.

    As a result, the Bank introduced ’rounding guidelines’ for cash transactions, whereby payments would be rounded up or down to the nearest 5¢.

    For example, items totaling $24.02 would be rounded down to $24.00, or $5.16 = $5.15, or $10.08 = $10.10. Similarly, an item worth $39.99 would be rounded up to $40.00.

    Perhaps the cashier should have explained the ‘system’ to the customer.

    To be fair, how can this be justifiably described as “theft?”

    Liked by 1 person

  • Artax & Vincent,

    thanks for that clarification

    so why shops do have prices at $39.99 etc?

    Liked by 1 person

  • @ Vincent

    Thanks for that information, but it is irrelevant. The rum was/is ADVERTISED at Bds$39.99. If Massy’s knew they do not give one cent change, then the advertisement was deliberately deceptive or at least misleading.
    In the UK MacDonald’s sells a medium diet drink at 99p and I have never heard of anyone not getting their 1p change. I used to run a small business and sold items at 99p, £1.49, 1.99p,etc and always gave back change. It is the common practice. What most small businesses do is keep a charity box on the counter in which most people place small change.
    If you owe 1c change, then pay it. What the central bank wants to do about coinage is its business. As we are on about the central bank, they should get rid of the nasty $2 and $5 notes. I am sure not many people round down.

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  • @ Mr. Greene

    One of the CBB’s guidelines was for businesses not to alter prices in any way.

    You’re behaving as though ‘ripping off’ people with ‘different accents’ or who appear as though they are ‘foreigners’ is SYNONYMOUS with Barbados ONLY.

    Bajans have also been ‘ripped off’ in Venezuela, Puerto Rico, UK, USA, EU, Canada, China……..

    It is DISHONEST ACT that seems to be INGRAINED in several cultures all over the world.

    I had similar experiences in 90% of the other Caribbean islands I visited. For example, I landed in Tobago one night after 7 PM and while in Scarborough, I asked a ‘taxi man’ to take me to Young Street. He drove me around a hill and on to my destination and charged me TT$10. It was only the next morning I realised where I was staying was 2 minutes walk from the city.

    We should be more concerned with eliminating this dishonesty from all societies.

    Liked by 1 person

  • Education 1/2 billion

    We cannot keep spending 105 million on UWI and the most popular degrees are Management and Accounting.

    With a reduced international business and offshore banking companies many of these graduates now have to fight for scarps in entry level positions at banks, insurance companies, credit unions etc. that a degree is not needed for. Government needs to stop financing these degrees.

    We need to pivot towards developing skills. It should have been done 15 years ago.

    We spend 30 million on BCC. BCC needs to focus on associate degrees that will develop skills, no more associate degrees in BSc subjects.
    With the potential for medicinal cannabis we will need lab techs.

    We spend 26 million on SJPP and BVTB
    The construction boom that Guyana will soon experience will require skilled tradesmen.

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  • @ Artax

    I only commented on the fish thing because I read the article in the papers this morning.
    I did not introduce and I have not commented on the 1 cent thing. It was @ Hal who introduce the 1 cent thing.

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  • @ David.

    Simply put these are the facts and reality as of today. I going list dem here.

    We were promised $1billion in surplus cash flow by Straughn. HASN’T HAPPENED

    In the last budget taxation increased by $400M, that and the promised$1 billion saving promised by Straughn, was supposed to have justified white oak bill. If all this was true it would of meant that we should of had a massive surplus. DIDN’T HAPPEN.

    Now in case wunna forget a 2 YEAR MORATORIUM on payments or in bajan terms ” a little ease ” was part of the W0 team negotiations. I remember the lead advisor bragging bout dat too.

    So as a humble shopkeeper I can’t understand when I add $1 billion dollars in cash flow to $400M in New taxation and subtract a 2 year ease pun payments I coming up with a $200M deficit. Especially when normal annual tax revenue is added to the tax income column!

    All I going say is thank God I don’t add so in my one door shop or I would of long shut the only door I got.

    I better rethink that 4 beers for $10 I offering come to think of it! lol

    Liked by 1 person

  • @John A

    Was the public shown tables how this cash flow would trickle down? Is it time related? We need information.

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  • @ Artax February 26, 2020 11:05 AM
    “To be fair, how can this be justifiably described as “theft?” ”
    +++++++++++++++++++++++++++++++++++++++++++++

    If not ‘Theft’ what would you describe it as? Shortchanging the customer?

    The onus is on the seller to mark the price at $40.00.

    Then change the system to reflect the discontinuity of the 1 cent coin as legal tender.

    Hal is right on this occasion. A congenital indication of a ‘failing’ state.

    This not a case involving rocket science or the application of laws equally to all citizens and visitors?

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  • BLP Manifesto 2018 PROMISED MINIMUM WAGE OF BD$8 (US$4) WITHIN 6 MONTHS OF BEING ELECTED ALMOST 2 YEARS LATER 2020 STILL WAFFLING…………….

    Lowest MINIMUM WAGE IN USA IN 2020
    Louisiana. Louisiana has no minimum wage law of its own.
    Therefore, the federal minimum wage law applies.US$7.25 (BD$14.50)

    Highest MINIMUM WAGE IN USA IN 2020
    Washington D.C. has the highest minimum wage at US$14.00 (BD$28) per hour while California, Massachusetts, and Washington have the highest state minimum wage at US$13.00 (BD$26) per hour.

    US MINIMUM WAGE IN EACH STATE IS THE LOWEST ANYONE CAN BE PAID WHETHER A MAID, GAS ATTENDANT, SHOP WORKER, GRASS CUTTER ETC.

    YET BARBADOS IS A GREAT PLACE TO LIVE FOR MOST LOCALS WORKING WHO ARE BEING PAID PEANUTS.

    NO WONDER THE ISLAND IS SO FULL OF MONKEYS.

    CONTINUE TO LIVE IN DREAMLAND AND PUNCH ABOVE YOUR WEIGHT.

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    ‘One step closer’ to national minimum wage

    The process to determine a new national minimum wage is at an advanced stage, with the findings of a study on the matter to be submitted to Government by next Monday.

    Minister of Labour and Social Partnership Relations Colin Jordan said today that while the governing Barbados Labour Party (BLP) had proposed a minimum wage of $8 per hour in its 2018 election manifesto, the final rate would be among the recommendations in the study.

    Speaking in the Well of Parliament as debate on the 2020-2021 Estimates of Revenue and Expenditure continued at Parliament’s temporary location at the Worthing Corporate Centre, Christ Church, he noted that the existing minimum wage of $6.25 an hour currently only applies to shop assistants, but the Government was extending the requirement for all categories of workers.

    Jordan explained that research was still being undertaken by his ministry’s Manpower Research and Statistical Unit to determine a final figure.

    “I expect to have on my desk, or at least on the Permanent Secretary’s desk, by Monday morning, a report of their findings into what that minimum wage should be…; if we should phase the approach,” he told the Chamber from the Well, where he was flanked by high-ranking officers of his Ministry, including new Permanent Secretary Karen Best.

    Jordan referred to previous studies which recommended a phased approach to implementing a minimum wage.

    “And so, while we had indicated in our manifesto that we intended to work with $8…because we understand that these things require a little bit more research…we have not said how we will get to that $8 and the timeframe. That needs to be based on good research, and that research is currently being undertaken,” he stressed.

    Jordan, whose ministry has been allocated $7.1 million in this year’s Estimates, also indicated that the research would address whether that national wage should be applied across the board or be segmented by sectors.

    “We also discussed with the public sector and the private sector and the Minimum Wage Board, and the question as to whether it should be related to the different sectors…different industries, came to the fore. That was part of the research that is being undertaken at the moment,” the Labour Minister pointed out.

    “Now, I have not given thought to a mechanism…like indexing; we have not given thought to that as yet. But suffice that it was raised [by Minister of Transport and Maintenance Dr William Duguid], we will factor that into our discussions if we should do an indexing of the minimum wage.

    “But what is clear, is that there will be a minimum wage set across the board. That is to say, beyond shop assistants. But whether it will be the same number for every sector remains to be seen based on the information that comes out of the research that is being done,” Jordan added. emmanueljoseph@barbadostoday.bb

    https://barbadostoday.bb/2020/02/26/one-step-closer-to-national-minimum-wage/

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  • “Some” of the relevant debt numbers are found on the .pdf pages 732 of 770 onwards.
    Certain of the Debt instruments are still ‘in negotiation’, as shown in the Appendices.

    It ‘appears’ many of the seemingly larger variances in either revenue or expenses, are actually movements of programs from one Ministry to another. Some are one off entries (eg) Signature Bonus of $11,000,000, otherwise classified as a grant (just Ctrl F and 11,000,000 and see where it pops up)
    Looks like somebody is planning a casino or other gaming facility?

    Overall there are too many significant variances across single line items.

    Liked by 1 person

  • Vincent Codrington

    @ Miller

    Had he paid by cheque or card he would have paid $39.99. Would Hal have made a song and danced if the price was $39.97 and the cashier returned 5 cents?

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  • @ Miller

    So, a mature petty individual, feeling proud making sure they let everyone know they picked the wrong person, by “making a scene” in a supermarket for 1¢.

    And, in your opinion, this makes Barbados a “failed state?”

    Sometimes you pick the ‘darndest things’ to nitpick, pick a noise and ‘talk’ shiite about.

    As I mentioned, one of the CCB’s guidelines was for businesses not to alter prices in any way.

    I’m sure if that same customer had gone into another establishment and bought an item for $39.97, they wouldn’t have objected or “created a scene at the check out” if the cashier gave them 5¢ change from $40.00.

    It’s a silly argument. ‘Much ado about nothing.’

    @ Miller, I believe you have something more constructive to comment on the Estimates Debate.

    Liked by 2 people

  • @ Northern

    Yes I agree I had a look and any attempt at real reconciliation is pointless.

    What is definate though is we have a $200M deficit after all the tra la la and long talk. There is also no evidence of Straughn’s billion dollar additional cash flow or Persauds statement that BERT was a “pillar for growth. ”

    I said already you can hide and buy ground but you can’t hide and work it.

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  • @ Vincent

    You miss the point. I am not doing a song and dance. I do not buy rum, drink rum nor give rum as a present. The issue is not if a $39,99 bottle of rum was given away for nothing. It is that it was advertised for $39.99 and the customer was overcharged. Ignore the amount and think of the principle. Next time they will say they do not give change under $1.
    What if it was a taxi driver and the fare was $25 and you hand him $30 and he sad he did not have any change? I will bet that if the customer only had $39.98 the check out clerk would have refused the sale or would have offered the customer the 1p. But Massy would have had the full amount, unless a manager approved the short change.
    Another example is that a plastic carry bag in a supermarket costs 20p, but no matter how much the cost of your groceries you are unlikely to get a free bag from the supermarket. Just look at how banks do their rounding – always up in their favour, or down, if it is in your favour..

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  • @ David.

    Sorry in the delay in getting back to you. I agree with you 100% we need an explanation of how come we were promised honey and got salt. The thing is though at this stage even that is too late.

    What we need to hear is what radical changes will be made to BERT that will factor in a real growth plan, as opposed to a growth in island wide austerity and further taxation. So maybe we will get the sinkler approach now and be offered THE REVISED BERT PLAN VERSION 2.0 who knows. One thing is for sure this ain’t working and it’s not me or any of the others saying so now. The numbers in the estimates have now confirmed all that we were saying 12 months ago would happen.

    At the time we were being told oh give it time. The problem with a flawed formula is that all time does is exacerbate the failing.

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  • One of the CBB’s guidelines was for businesses not to alter prices in any way.

    You’re behaving as though ‘ripping off’ people with ‘different accents’ or who appear as though they are ‘foreigners’ is SYNONYMOUS with Barbados ONLY.

    Bajans have also been ‘ripped off’ in Venezuela, Puerto Rico, UK, USA, EU, Canada, China……..

    It is DISHONEST ACT that seems to be INGRAINED in several cultures all over the world.

    I had similar experiences in 90% of the other Caribbean islands I visited
    Xxxxxxxxxxxxxx

    SOMEONE WITH ONLY A SMALL ISLAND MENTALITY WROTE THIS BULLSHIT TO JUSTIFY THE FLEECING AND DISHONESTY HAPPENING IN BIM.

    THEN GOES ON TO GIVE EXAMPLES OF OTHER CARIBBEAN ISLANDS TRAVELLED TO.

    NOT ONCE GIVES A PERSONAL EXPERIENCE IN US OR UK.

    I HAVE NEVER BEEN RIPPED OFF IN THE UK WHERE FAIR TRADING LAWS ARE ENFORCED AND COMPLAINTS DEALT WITH VIA PENALTIES IMPOSED VIA SMALL CLAIMS COURT.

    I HAVE NEVER BEEN RIPPED OFF IN THE US BY ANY BUSINESS WHERE THERE IS ALSO STRICT ENFORCEMENT AND INVESTIGATION UPON COMPLAINT TO BETTER BUSINESS BUREAU AND SMALL CLAIMS COURT WHO SETTLE CASES WITHIN 90 DAYS.

    HOWEVER TO DEFLECT THEY LIKE A FEW OTHERS ON BU USE THEIR PESONAL LIMITED EXPOSURE TO SHOW THEIR ASS WHENEVER EXAMPLES OF DISHONESTY ARE EXPOSED BY OTHERS IN BARBADOS.

    IT REALLY MUST BE THE LOCAL BARBADIAN CONDITION TO DEFLECT FROM ONGOING REALITY.

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  • @ Baje

    Dishonesty has been so normalised in Barbadian culture that to protest makes one seem stingy. It is a mindset. We do it, but others also do it, so why single us out. Barbarism. Rule of the jungle.It is now offensive in the new Barbados to ask for honesty.
    It is not just the boys on the block, the entire society is decaying.

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  • @ Baje

    Dishonesty has been so normalised in Barbadian culture that to protest makes one seem stingy. It is a mindset. We do it, but others also do it, so why single us out. Barbarism. Rule of the jungle.It is now offensive in the new Barbados to ask for honesty.
    It is not just the boys on the block, the entire society is decaying.
    Xxxxxxxxxxxxxxxxxxxxxxxxxx

    IT’S SAD BECAUSE ALL OF US COMMENTING WANT BETTER FOR THE ISLAND OF BARBADOS WHETHER WE LIVE THERE OR NOT ESPECIALLY THOSE OF US WHO ARE PROFESSIONALS AND HAVE SUCCEEDED AND ALSO HAVE FAMILY LIVING THERE AMONG THE QUAGMIRE..

    WHENEVER TRUTH IS EXPOSED ATTACK THE SOURCE OR DEFLECT SAYING HAPPENING ELSEWHERE.

    THE BEST DECISION I MADE SEVERAL YEARS AGO NOT FOR THE FIRST TIME WAS LEAVING THE CESSPOOL OF AN ISLAND WHERE DISHONESTY, GOSSIP AND NEGATIVITY SEEKS TO DESTROYS HONESTY, POSITIVITY AND PROGRESSIVE THINKING.

    They ALSO do their best to also subdivide whether to label DLP/BLP or Local vs Overseas.

    Unless they wake up real soon the Guyanese they use to look down on and gossip about will have the last laugh while they wallow in hardship and increasing TAXES PILED ON BY THEIR BELOVED POLITICIANS WHO SEE THEM AS BLOODY FOOLS.

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  • The link to the Central Bank website explains how retailers are to manage the withdrawal of the once cent. The retailer is not stealing, simply acting as instructed by the authority Artax stated.

    http://www.centralbank.org.bb/banknotes/circulation-coins/withdrawal-of-the-one-cent-coin

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  • Vincent Codrington

    @ Hal

    Both Artax and I have explained to you the reason for the perceived anomaly. If you feel comfortable in viewing the experience as another piece of evidence that Barbados is a failed state, you are free to do so.

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  • @ Vincent

    I appreciate what you have said about central bank policy, but that is irrelevant to the point. Maybe we are speaking different languages. It does not matter if Massy’s charged $40 or $39.99 for the rum; the point is that it should have been correctly advertised. If they advertised it at $39.99 knowing they were going to charge $40, then that was dishonest. Simple. It is the principle..
    Central bank policy, or the production of 1c coins are irrelevant. I thought you would see the simple point I am making, basic reasoning. This is ethics 101, first year philosophy.

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  • Your head is like moon rock.

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  • @ Artax February 26, 2020 1:50 PM
    “So, a mature petty individual, feeling proud making sure they let everyone know they picked the wrong person, by “making a scene” in a supermarket for 1¢.
    And, in your opinion, this makes Barbados a “failed state?””
    +++++++++++++++++++++++++++++++++++++++++++++++++++

    Nitpick my donkey! It’s a matter of principle (and not emotions as the customer displayed) on which you often claim to base your arguments.

    The customer was right to demand (as her money back) the difference between the advertised price and what the checkout person was demanding as the final price.

    It is both the Central Bank and the retailers who are behind the times with their incompetence and downright disrespect for their customers.
    “The customer is always right”:

    How can the CBB withdraw the tendering of a coin but still allow (advise) retailers to advertise the sale prices of their goods and services reflecting and involving the same currency denomination (which no longer exists)?

    Why not, Simply quote the selling price as Bds$40.00 instead of the non-transactional $39.99 involving a non-existent coin?

    How much accounting energy and commonsense would such a simple straightforward procedure involve especially when price lists and labels are computer generated and printed?

    Let us suppose it was a ‘white’ visitor from the UK or USA who was demanding their change (and blissfully unaware of the stupid CBB silly instructions) would you still consider them to be “making a scene”?

    Barbados needs to get with the time(s) where the conducting of business is concerned.

    What can you expect from a place which had as its (outstandingly proficient) Minister of Finance for over 8 years and who could not tell the difference between a decimal 0.07 Bajan bull-cow from a 0.007 percentage bullfrog?

    When the same CBB is able to provide a proper accounting of that missing $300 million in foreign reserves then we would change our view on the competence of that institution.
    Was the missing foreign reserves due to a ‘rounding-down’ error?

    No wonder the place is condemned as a rather backward place to do business (except bribery and corruption involving Servants of the Crown)!

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  • Fellows if you were paying by cheque or credit card you would in fact write the cheque for $39.99. It therefore is priced legally, however for a cash sale it is rounded up or down to the closet 5 cents.

    Let us now return to frying bigger fish like the estimates. Let’s not get distracted over a cent at Massy.

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  • @ Miller understands the principle. In more sophisticated societies that would be an issue for trading standards. Why not advertise at $10 and charge $40, and blame a shortage of notes or the printers?
    Or advertise a product as made of mahogany then provide one made of plywood and blame the shortage of mahogany? @ John A, the method of payment should not matter.
    Until recently BA (British Airways) used to charge travellers paying by credit or debit card more than the advertised price until the regulator clamped down on them. It was dishonest..

    Like

  • (Quote):
    “Fellows if you were paying by cheque or credit card you would in fact write the cheque for $39.99. It therefore is priced legally, however for a cash sale it is rounded up or down to the closet 5 cents.”
    ++++++++++++++++++++++++++++++++++++++++++++++++

    WELL SIMPLY INFORM THE CUSTOMER BY STATING that on the Price tag or simply have the price of $40.00 displayed for all customers to avoid doubt or confusion which can lead to delays and inefficiencies at the checkout especially involving visitors to the little island of yesteryear trading standards.

    That is what any enlightened business jurisdiction would do.

    But what you expect from a jurisdiction which still insists on the requirement of some Neanderthal Justice of the Piece or Priest or Bank Manager signing some simple document(s) involving identification for passport renewal and other simple straightforward business transactions when there is a National Identification system in place already in the form of a National ID card issued by the State?

    Get with the programme Barbados, or you are going to go the way of the dodo bird where doing business is concerned.

    If Barbados can’t get those simple things sorted out how on earth can it expect to get BERT singing its praises (especially the ‘T’ for ‘Transformation’ and not Tenor?

    Like

  • Let us now return to frying bigger fish like the estimates. Let’s not get distracted over a cent at Massy
    Xxxxxxxxx

    YOU SEEM TO BE MISSING THE REAL POINT.

    THERE IS NO BIG PICTURE IN BARBADOS UNLESS IT IS INVOLVING DECEPTION OF TAXPAYERS AND VOTERS AND ANYONE ELSE WHO FALLS INTO LOCAL TRAP OF DISHONESTY AND DISENFRANCHISE MENT.

    ONE CAN DISCUSS AND TALK FOREVER BUT IF THE FOUNDATION IS BAD THE HOUSE WILL CRASH AND BURN.

    GARBAGE IN GARBAGE OUT.

    Like

  • Vincent Codrington

    @ Miller.
    There is no doubt or confusion. The CBB did an excellent Public Education series on the rounding due to the withdrawal of the 1 cent from circulation. This is nothing new. Some people like to play stupid ,childish games and need to grow up. The principle is not new in the British commonwealth. Nor is the method of marketing new in the English speaking countries, That style of marketing using psychology has been in vogue for three decades. So Hal stop playing the%$#@& .

    Like

  • @ Miller.
    There is no doubt or confusion. The CBB did an excellent Public Education series on the rounding due to the withdrawal of the 1 cent from circulation.
    Xxxxxxxxx

    THEN THE BUSINESS INVOLVED USED DECEPTIVE PRICING TO FOOL THE PUBLIC THAT AN ITEM IS CHEAPER USING MENTAL TACTICS INTO THINKING THAT AN ITEM IS IN THE THIRTY SOMETHING NOT $40 TO INCREASE CHANCE OF SALE.

    SOMETHING WHICH IS USED BY MANY RETAILERS OVERSEAS.

    WHY ESPECIALLY DECEPTIVE SINCE FROM 2014 CENTS HAVE BEEN OUTLAWED.

    THE PRICE SHOULD HAVE BEEN $39.95 OR $40.

    IF A CONGLOMERATE COMPANY LIKE MASSEY SELLING GROCERIES AND MANY OTHER ITEMS DOES COLLECTIVELY A MILLION TRANSACTIONS IN ONE YEAR WITH LOCAL CUSTOMERS USING SAME STRATEGY IS 1000000X .01 = $10,000 OF STOLEN MONEY.

    YET YOU IDIOTS IN BARBADOS WANT TO PUT YOUR OWN PEOPLE IN DODDS PRISON FOR STEALING SALT BREAD AND OTHER PETTY ITEMS.

    BLACK PEOPLE CONTINUE TO LIVE IN MENTAL SLAVERY.

    Like

  • @ Vincent Codrington February 26, 2020 6:09 PM

    So why does the grandmother of the British Commonwealth still have its 1 p and 2 p coins in circulation?

    You can bet your last Bajan cent that as soon as that 1 p coin is taken out of circulation every single item on display for all buyers by which ever method of payment will show a selling price rounded to the nearest 5 p.; or whatever.

    You are living in a backward world if you believe that stupid Bajan buyers (shopping at Amazon) are easily induced to buy an item because its display price is $39.99 instead of $40.00.

    Barrow’s experiment has genuinely failed the test of freeness (FOC) if that is the kind of consumer trap Bajans can easily fall into.

    Hal is 99.99 % spot on and the miller- with his old school tie(s) on show- is on all-fours with the ‘English’ wannabe on this one.

    Are you prepared to give him a passing grade on this one?

    You dye-in-the-wool Bajans are, sometimes, really to blind to see.

    Travel and living overseas can at times broaden your mind.
    But, it can also make you so passionately and overly patriotic for simlly just wanting to bring change to your little image of being at the centre of the world.

    ‘Go ahead small England, Little Britain is behind you’!

    Like

  • @Miller

    You are arguing a non point.

    Liked by 1 person

  • The problem with some of you is that a minor point must generate 50 comments because of inflated egos and god knows what else.

    Liked by 2 people

  • The customer should have call the police if she thought she was being robbed.
    OR
    put the item back and go and find a place where it was properly priced and buy it there
    OR
    find some place where it was prices at $40.02, that way she would be saving 2c by robbing the business

    high class foolishness

    Liked by 1 person

  • @ David February 26, 2020 7:12 PM

    Guess you would say the same about Hal Austin.

    The “Bajan condition” at work indeed!

    What’s so difficult about quoting the price as $40.00?

    Name one other place in the properly regulated commercial WORLD where such duplicity in pricing exists unless the difference is one of a discount?

    Like

  • Name one other place in the properly regulated commercial WORLD where such duplicity in pricing exists unless the difference is one of a discount.
    Xxxxxxxx

    It goes from DLP/BLP, overseas vs locals and an additional twist now referring to EGOS.

    IN ANOTHER LIFE I WOULD LIKE TO COME BACK AS A BAJAN POLITICIAN.

    THESE FOOLS ARE LIKE SHEEP TO A SLAUGHTER.

    Like

  • Vincent Codrington

    @ Miller

    It is interesting that you should mention Amazon. Recently they sold me books at $1.99 at $6.99. and $97.83. Figure out why they did not round them up to the nearest dollar.

    @John2

    OR find and bring the correct change of $39 .99 cents for the rum. If i were the cashier I would hold the rum until she brought the correct amount of money.

    Like

  • It is interesting that you should mention Amazon. Recently they sold me books at $1.99 at $6.99. and $97.83. Figure out why they did not round them up to the nearest dollar.
    Xxxxxxxxx

    I SEE YOU WANT TO BRING OUT INFORMATION THAT HAS NOTHING TO DO WITH THE FACTS.

    AMAZON DIDN’T TAKE $2 OR $7 FROM YOU.

    THEY TOOK FROM YOU THE EXACT ADVERTISED AMOUNT.

    THEN YOU WANT TO SWIPE AT HAL BECAUSE HE DOESN’T ACCEPT YOUR NONSENSICAL ARGUMENT.

    Like

  • Where ignorance is bliss ‘‘tis folly to be wise….

    Liked by 1 person

  • @John A February 26, 2020 11:53 AM “I better rethink that 4 beers for $10 I offering come to think of it! lol”

    Advertise and sell the 4 beers fr $9.99 and remember to give back the one cent change do.

    Liked by 1 person

  • @ Vincent Codrington February 26, 2020 8:32 PM

    Were those prices quoted in US currency which still makes provision for the legal tendering of pennies?

    Were you given the option in paying in Cash denominated in the US of A currency?

    Has the USA officially abolished its ‘cent’ as a coin of legal tender?

    The motto “E Pluribus Unum” still reigns supreme on the’basic’ ‘US’ coin called the “Penny”.

    Barbados no longer has its coin bearing its Coat of Arms and Trident in circulation.

    There is absolutely nothing misleading in asking people to pay whatever quantum is demanded by cheque / check, credit/debit card or electronic transfer.

    But settlement by paper currency and metal coins requires the flexibility to pay the exact amount but with access to the currency denominations needed to make the transaction binding.

    Just get rid of cash (paper and coins) and, Eureka, the rounding problem of embarrassment disappears!

    Like

  • @Baje February 26, 2020 1:03 PM “GRASS CUTTER ETC.”

    Actually most people i know pay the grass cutters about $80 to $100 BDS per session. The customer will get about 3 or 4 hours work for that.

    If you try to pay the grass cutting guy $6.25 per hour, please don’t act surprised when he does not show up.

    Domestic helpers get paid around $80 per session of about 6 hours. I did a paid domestic job this week. a 1 bedroom apartment. Cleaned the oven, took down the curtains, washed and rehung them, cleaned the windows and screens, the cushion covers had been previously washed, so I re-stuffed 4 cushions, swept and mopped the steps, locked up, sorted the garbage into garbage and recyclables, put the garbage out. Will take the recyclables to the recycling center next time I pass that way. 4 hours work, I got paid $100. I would not do it for $25, not even for a family member.

    Liked by 1 person

  • @Baje February 26, 2020 2:51 PM “NOT ONCE GIVES A PERSONAL EXPERIENCE IN US OR UK.”

    A year or two ago a charge of $100 USD appeared on my credit card for Amazon Prime. I did not rder nor ask for Amazon Prime so why was this little old lady in the tropics being charged $100 USD out of her li’l pension?

    Well you know I couldn’t tek dat lying down.

    Went to the bank. Was told that multiple customers had complained. It seems as though Amazon was simply adding Amazon Prime to customers accounts and leaving it up to the customers to notice the charge and have it removed.

    I mean Amazon can’t does not do free fast shipping to Barbados so why would I pay them $100.

    Anyway I had the charge removed.

    Some old ladies on small islands still know that they have to watch any and all merchants

    Liked by 1 person

  • And we continue down the rabbit hole.

    Liked by 1 person

  • @David February 26, 2020 7:14 PM “The problem with some of you is that a minor point must generate 50 comments because of inflated egos and god knows what else.”

    David nothing else of them fellas is inflated.

    Methinks that because all other parts are deflated that the fellas miserable so.

    Liked by 1 person

  • Let me put my two cents in,
    Oops. If you round that down.
    I have nothing to add.

    Like

  • I HAVE SPOKEN MANY TIMES ON BU ON THE OPPORTUNITIES OUTSIDE OF BARBADOS FOR YOUNG PEOPLE AND CASTIGATED BY THE USUAL SUSPECTS WHO SPEW BULLSHIT REGULARLY ON BU.

    NOW IT IS SPOKEN DURING THE ESTIMATES BY THE SAME BLP MINISTERS THE FOOLS ELECT NOW BEGGING THE US EMBASSY ASSISTANCE WITH FINDING EMPLOYMENT IN THE USA FOR UNEMPLOYED BAJANS.

    WELL WELL WELL.

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    Labour Ministry urged to help more Bajans find employment in the big three

    Citing rising unemployment, which Government legislator Gline Clarke said is above nine per cent, the Deputy Speaker on Tuesday called on the Ministry of Labour to help more Barbadians find jobs overseas.

    During debate on the 2020/2021 Estimates, Clarke pointed to countries like Jamaica, Mexico, and the Philippines, where he said their labour department has been proactive in finding employment for a number of people.

    Noting that in 2014 several people were laid off by the previous administration, many of whom he said still have not been able to find employment, Clarke said the Labour Department must live up to its mandate of being the flagship in helping Barbadians find gainful employment.

    “My view is that your department has to be at the forefront in finding employment for those persons who have been laid off,” Clarke said.

    “I must tell you that your Caribbean neighbor, Jamaica, is spending this financial year, more than a million U.S. dollars in soliciting help from across the Caribbean, because they believe in remittances, which form a large part of their revenue.”

    But Minister of Labour and Social Partnership Colin Jordan said while there are no Barbadians on work programmes in the United States at this time, his ministry is working to change that.

    “We have a new liaison officer who has had quite some experience in that area. We have faced some challenges of immigration restrictions and approaches to immigration in the United States,” Jordan said.

    “But as we engage in discussions – we have another one in about two weeks with personnel from the United States Embassy here – we’re pretty certain that there are opportunities in the United States to be had and we are vigorously pursuing those opportunities.”

    Just last week, the Donald Trump administration listed Barbados and four other Caribbean countries among 84 worldwide that are eligible for H-2A and H-2B visa programmes that allow US employers to bring foreign nationals to the US to fill temporary agricultural and nonagricultural jobs.

    The other Caribbean countries are Dominican Republic, Grenada, Jamaica and St Vincent and the Grenadines.

    While there are currently no Barbadians on work programmes in the U.S., Jordan said the news was much better for the United Kingdom and Canada.

    “The UK opportunity is one that we are currently working on. The interviews have been concluded; the persons from the United Kingdom would have left Barbados last week and that pilot programme is intended to employ 50 persons in agriculture in the United Kingdom,” Jordan explained.

    “On the same day that we held a press briefing to notify the country of that opportunity, the Home Office in the United Kingdom made an announcement indicating that that pilot programme, the numbers have increased. So, we believe that Barbados will have the opportunity to add to the 50 who we have already committed to having as part of that pilot programme.

    “That came about, we believe, as a result of Brexit and the slow-down of workers from Europe … into the United Kingdom and the continued development of the agricultural sector in the United Kingdom. So, we believe there are additional opportunities to be had in the United Kingdom market,” he added.

    In Canada, which Jordan said remains the flagship for Barbadian workers, there are approximately 185 people employed.

    On the seasonal agricultural workers programme there are 165 Barbadians, while another 30 are employed in hotels.

    “Next week, a hotel that we met with while we were in Canada last year, personnel from that hotel will be coming in to interview persons. They recognize that there is value in workers from Barbados and they are coming in on March 2 to interview workers to be employed in their establishment in Ontario,” the Minister said.

    “So, we are maintaining that programme and being aggressive in expanding that programme. We have indicated, to those who we consider our partners, that we have good workers to offer and they can benefit just as our workers can benefit.”

    Clarke had also expressed concerns about not seeing funds set aside in the estimates for the Minister and labour personnel to travel abroad to solicit help from foreign employers.

    Jordan assured however, that there is a plan in place to connect Barbadian job seekers with employers overseas.

    “I, like most other members who have the privilege of leading ministries, continue to be cognizant of where we are as a country in terms of financial resources, so we have to be very strategic in terms of our outreach. But we have included sums there that will allow us to go out and solicit opportunities for our people,” he said.

    “I come out of a background where to do business you have to be in people’s faces and you have to build relationships and we’re taking that approach. We also agree that you have to creep before you walk, especially when funding is not plentiful.”

    Jordan said his ministry has decided to take an approach where countries would be targeted on a rotating basis.
    emmanueljoseph@barbadostoday.bb

    https://barbadostoday.bb/2020/02/27/labour-ministry-urged-to-help-more-bajans-find-employment-in-the-big-three/

    Like

  • @ Vincent

    Had it been me I would have put the rum back on the shelf and walk out. The advertised price is the price charged. Not a cent more. We need consumer education in Barbados. This has nothing to do with the central bank; it is all about dishonest marketing.

    Like

  • Hmmmmmmm……..

    Someone ‘said’ while in Barbados they have to speak with a ‘Bajan accent’ in fear of being ripped off. In response, I ‘spoke’ of a similar experience I had in another island with someone who heard my Bajan accent.

    And, this is INTERPRETED as “BULLSHIT” and trying “TO JUSTIFY THE FLEECING AND DISHONESTY HAPPENING IN BIM?”

    And, is “PESONAL LIMITED EXPOSURE” because “NOT ONCE (I GAVE) A PERSONAL EXPERIENCE IN US OR UK?”

    Shiite!!! Hahahahahahahahahaha!!!

    I guess this is an example of how people with ‘big country mentalities,’ who TAUGHT at several universities and MANAGED several businesses THINK.

    Can’t win against these guys. To do so means we’ll ‘have to punch above our weight,’ and that’s impossible for people in an “ISLAND SO FULL OF MONKEYS” with “small island mentalities.”

    Liked by 1 person

  • @ those brayers out there who just like to cry down Barbados but would go to another country and kiss their assess with out the slighter mummur.

    https://www.cbc.ca/news/canada/canada-s-penny-withdrawal-all-you-need-to-know-1.1174547

    Liked by 1 person

  • then you all wonder why the local bajans don’t like winnuh with your condescending/know it all attitudes??

    Liked by 1 person

  • then you all wonder why the local bajans don’t like winnuh with your condescending/know it all attitudes??
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    THEN TELL YOUR LOCAL GOVERNMENT GIVE UP SENDING BAJANS TO USA, UK OR CANADA FOR WORK OPPORTUNITIES SINCE YOU JOKERS DOWN THERE CATCHING HELL AND CAN’T TAKE CARE OF THE SUFFERING MASSES.

    OWEN WAS RIGHT POOR RAKEY.

    I DON’T COME ON BU TO WIN FRIENDS.

    I COME ONLY WITH FACTS AND A PROVEN TRACK RECORD HOPEFULLY TO ENLIGHTEN SOME OF THE SILENT READERS LOCALLY WHO HAVE TO WALLOW IN THE NONSENSE AROUND THEM DAILY LIKE A FEW OTHERS DID FOR ME YEARS AGO.

    Like

  • IF THIS IS WHAT IS HAPPENING IN CUBA BAJANS MUST BE LIVING IN HEAVEN AND WE WELL KNOW THAT WE NOT LIVING IN HEAVEN SO WHY DO WE LISTEN TO THOSE POLITICAL PUNDITS WHO WANT TO MAKE BARBADOS LIKE CUBA…THEY MUST WANT US NOW TO GO TO HELL…THEY ARE MANY DIFFERENT WAYS TO MAKE US LIKE CUBA…

    ESTIMATE THIS…

    We’re supposed to believe that it is a wonderful thing in communist countries, where the leaders care so much for their people. They teach them to read. They have free education and health care. Cubans have very strict gun control. Abortion is available on demand in Cuba, and in 2019, they raised the mandatory minimum wage. These are all things the Democrats running for president support. It looks like an ideal Democrat platform.

    After 60 years of Castro Brothers control, they have raised the minimum wage to $16 (per month, not per hour). The average wage will shoot up from $24 to $42 per month. Thank goodness Cuba doesn’t have the problem with wealth and income inequality that the United States does because that would cause division and strife.

    Higher education professors will now receive $56 to $68 per month, very similar to the fake Indian running for president, who wants to move toward socialism, who is worth millions and got paid $400,000 for the tough task of teaching one course. I wonder why the cost of education is so high in the U.S. and why student debt is so high when Warren got only $400,000 plus benefits for such a tough schedule.

    The Cuban journalists pushing government propaganda will go from an average salary of $15.50 per month to $50 per month, which is very competitive with the millions that our talking heads receive as they push the Democrat talking points.

    We need leaders like Castro, who cared so much about the common folk. He was very smart and obviously a good investor and saver. Like the common man in Cuba, he earned only an estimated $150 million per year and was worth in excess of $900 million when he died. Thank goodness he cared so much, just like the Clintons, Obama, Pelosi, and others who have lined their pockets very successfully as they claimed they cared about the poor and middle class. There never will be enough for greedy politicians. There are no moderate Democrats running. They all want more power and money. It is they who strive for a much more powerful, dictatorial government.

    FREEDOM HOPES THAT THIS WOULD NOT ENCOURAGE OUR SOCIALIST LEADERS TO CARRY BAJANS FURTHER DOWN THE HELL HOLE OF CONTINUOUS BURDEN OF OVER TAXATION WHERE ONLY THE GOVERNMENT LIVES AND D PEOPLE CRYING OUT!

    Like

  • Baje

    My comment were on the one cent issue

    But if the show fit……

    Like

  • Since u want to pull me into ur sh***

    I supported u on bajan seeking employment/opportunity outside

    I however hate your nasty attitude towards Barbados and the Local bajans

    You have arrived !!
    No need for youR RH put downs over and over

    Show off

    Like

  • @ Blogmaster:

    Back to the Estimates and thank you for sharing.

    Referencing the Estimates for the Ministry of Foreign Affairs and Foreign Trade, pp. 99 – 119, realistically, what are the specific quantifiable benefits projected/anticipated, especially concerning some of your overseas missions in an age of austerity?

    Also, did your previous Foreign Minister or the Young Democrat (I assume a “Shadow Foreign Minister”) respond, or simply chose not to? I have not seen any relevant statements, but does the Previous Governing Party have any sensible, stated position on the Estimates? If not, why not?

    Like

  • @Caleb

    Foreign ministry matters have always been positioned by successive governments as more complementary and administrative rather than how to add to GDP. Do you agree?

    Thanks for pulling it back.

    Like

  • David February 27, 2020 12:47 PM “Thanks for pulling it back”.

    The Invisible Freedom Crier February 27, 2020 12:15 PM

    Like

  • But shouldn’t a function of your FP (not foo ping) and your Foreign Trade not include boosting your GDP, and enhancing your economy and society? Just asking…

    Like

  • Foreign policy seems to be passive in this part of the world. If the Mia Mottley government is serious about transforming how we do business this ministry is ripe for placing under the microscope.

    Like

  • Can we afford to be so passive given domestic and global concerns/needs relevant to B’dos? Or, are we to be like the proverbial ostrich with its head in the sand and its backside I n the air? “Normally”, also, many interest groups should have serious input in this area, if they haven’t. I dunno.

    Like

  • @Freedom “Croaker”:

    Another blogger had suggested that you had “croaked”. I see now that, like Mark Twain, those reports were greatly exaggerated and frankly wrong. Welcome back, even before DE Day, November 4, 2020.

    Liked by 1 person

  • “IF A CONGLOMERATE COMPANY LIKE MASSEY SELLING GROCERIES AND MANY OTHER ITEMS DOES COLLECTIVELY A MILLION TRANSACTIONS IN ONE YEAR WITH LOCAL CUSTOMERS USING SAME STRATEGY IS 1000000X .01 = $10,000 OF STOLEN MONEY. {Quote}

    $10,000 of money stolen from customers???

    WOW!!!! That much?? That a lot of money.

    So, if Massy does collectively the same transactions in one year, using the same strategy, but rounding down from 7¢ to 5¢, then 1,000,000 x .02 = $20,000 of stolen money from Massy?

    Well, “Massy giveth and Massy taketh away.”

    Like

  • @Caleb

    Of course not however our reality is that prevailing culture supports ensconced structures.

    Like

  • @ “Croaky”:

    I do not want to digress from the Estimates. But, 3 or 4 Decades ago, I considered Cuba’s policy re those tragically infected with HIV/AIDS. Some concluded that that Cuba’s policy – quarantine with substantial benefits for patients testing positive – was outstandingly successful such that Cuba had the lowest transmission rate in Latin America, unlike Brazil and others. Would you allow for the prudence and wisdom of such quarantine(s), as even today as with the coronation virus, and quarantine(s) in so many countries?

    Like

  • @R.G.
    come on. It works both ways?
    If a price is 39.99, the books record 39.99, but the cashier float is increased by $0.01, as the customer pays $40. If the price is $40.02, the books record 40.02, but the cashier float is now decreased by 2 cents, as the customers pays $40. At the end of most shifts, with thousands of transactions, the float is rarely off by more than a few cents.
    If it costs a country 175 cents to acquire 100 cents in coin, keeping the cent makes no sense,

    Like

  • @FREEDOM
    would you mind sharing with us the deficits run by the USA, on annual basis, from 2009-2019.
    Go look.
    You will discover that DJT ran under a GOP banner, sometimes governs like a dictator, sometimes like a Republican, but spends like a Democrat.
    There is nothing conservative in how he spends or balances.

    Like

  • @ David February 27, 2020 1:08 PM
    “Foreign policy seems to be passive in this part of the world. If the Mia Mottley government is serious about transforming how we do business this ministry is ripe for placing under the microscope.”
    ++++++++++++++++++++++++++++++++++++++++++++

    There is absolutely no need for such an oversized presence and personnel numbers (excess to requirements) in the ‘poor-great’ little country’s overseas missions.

    The Internet and a more reliable modern air transportation system have provided ample justification for their physical and administrative downsizing.

    What ought to be of additional concern is whether the plans- regarding those statutory bodies which have been recommended for serious restructuring’ merging or closure- are reflected in the current Estimates.

    When is the watchdog BERT going to have enough teeth to stop barking and start biting at the root cause of the country’s fiscal obesity?

    Our BU executioner, the guillotine swinging Tron, has the right prescription to get rid of this parasitic infection of bureaucratic supernumeraries feeding off the shriveled skin and drying bones of the emaciated taxpayers and forex-earning serfs.

    Like

  • @Miller

    If BERT is meeting all the targets set what is there to care about SOEs?

    Like

  • @Blogmaster
    the question you need to ask, is given the estimates, and the current global issues, will BERT meet future targets? Do the estimates allow for “shocks”
    BTW…I note that given a great many of the loans are from ‘concessionary lenders’, the interest rates are higher than I pay for a mortgage!!!!

    Like

  • One of these days historians will look at this blog and wonder in amazement at how grown and supposedly intelligent adults sat before a keyboard and typed and typed, until death do us part, about a bottle of rum priced at $39.99. Is it any wonder that some choose to repeatedly call Barbados a “Failed State”? When this amount of drivel can be discussed with such passion, only a $39.99 bottle of rum could generate this level of intellect.

    Failed state indeed. Maybe Barbados is guilty of having produced some outstanding failures.

    Like

  • @Northern Observer

    All on the blog anticipate you know he answer. BERT targets from the start were labeled aggressive. With disruption to global supple chains there are storm clouds gatherin.

    Is is it fair to compare rates in the concessionary/capital market to domestic? What is the equivalent of a base rate for concessionary?

    Like

  • Some people here downright ignore “the enabling environment issues”, or lack thereof, that obtain in all these government and good governance matters.

    Baje makes a salient point when he says and de ole man quotes

    “…NOW IT IS SPOKEN DURING THE ESTIMATES BY THE SAME BLP MINISTERS THE FOOLS ELECT NOW BEGGING THE US EMBASSY ASSISTANCE WITH FINDING EMPLOYMENT IN THE USA FOR UNEMPLOYED BAJANS…”

    While Baje and I does lock horns on many issues, including my firebombing experience, heheheheh, there are some things he said here that bear mention.

    De ole man calls it THE POTATOÉ SYNDROME!

    David Thompson, a political clown, had it bad!

    He knew nothing about anything but, with the deftness of a 3 card conman, he was able to tek people ideas AND MEK DEM HE OWN and even you, its author we tricked into believing that the idea was his!

    For the Potatoé Strategy to work WHAT YOU HAVE TO DO Baje, is to insult and discredit its author into oblivion!

    What happens next is that the scam artistes, who now number 30 to 0, then take your ideas and present them as theirs.

    The problem here is that you are not dead yet and, like the RH lie Joe Biden said about being arrested in the 1970’s in Apartheid South Africa, the still living expose dem chvunt AND DEM DOAN LIKE DAT!

    So suddenly so, you who was cussing Piece the Legend now find youself as part of the Dissenters in the Diaspora who hate Barbados cause you expose the people as suffering bad from YOU SAY POTATO & I DAY POTATOÉ!

    Welcome to the club

    Like

  • Your assistance please

    Like

  • @ Fearplay

    The discussion was not about a bottle of rum at $39.99, nor a bag of eddoes, nor was it about one cent in change. It was about a PRINCIPLE and treating customers fairly.
    Which is part of the problem. Discourse is not only about literal or binary issues, on of the outcomes of learning by rote. That is why historically philosophers are celebrated. This is about ethical theory. Future generations will thank us for it.
    By the way, since 2007/8, ethics is now the most popular subject at business schools.

    Like

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