UNEMPLOYMENT Fund is Broke, Time for Straight Talk Chairman Leslie Haynes

The following was posted as a comment by Walter Blackman to the Walter Blackman’s Political Insights blog – David, Blogmaster

Based on the link to the NIS investments, provided by NorthernObserver, all BU readers can now sing from the same Hymn sheet – see link https://www.nis.gov.bb/investments-2/

Here are the facts, and the questions to be asked:

The unemployment Fund is broke. Not a cent is left. No bonds, no cash. Nada. Zilch. Rien.
Where will the money come from to pay current and future unemployment benefits? Remedial action has to come down the pipeline very soon.

Government owes (i.e the politicians misused our money) $2.8 billion to the National Insurance Fund, and $0.1 billion to the Severance Fund. There is no cash in the Severance Fund. Where is the money currently coming from to pay the workers’ severance that employers are refusing to pay?

Is the law being broken with respect to the payment of unemployment and severance benefits?

The only way Government can repay the money owed to the NIS is through taxation. Who will the Government tax to get the $2.9 billion for the NIS?
The Baby Boomers have started to retire and will do so by the thousands every year until 2033. How will their retirement benefits be paid? Something has to be done very soon

At the beginning of 2015, the NIS was paying roughly $40 million per month (just think about the multiplier effect this has on our economy) in NIS retirement pensions. That amounts to $480 million per year, and $960 million over two years.
We can therefore understand what the Chairman of the NIS meant when he said: “there are sufficient funds there that we can see this through at least for the next two years.”

However, the Chairman went on to say: “So there is no cause for concern.”

Every BU reader can now look the Chairman of the NIS fully in the face and say: “We do not agree with your assessment of the NIS, Mr. Chairman. There is great, great cause for concern, and in fact, we are very, very concerned. Next time you speak, please tell us what is the Board’s solutions to the massive NIS problems we face.”

…what are the Board’s solutions?

483 comments

  • By the way…

    Do we know when the actuarial report due of the NIS fund will be laid in parliament?

    What is the status of the project to publish up to date audited financials of NIS fund?

    Like

  • Could have been “WB on NIS, severance fund and unemployment funds”

    Like

  • I gave up trying to get and understanding of how money is spent and counted in Barbados.

    If they get a million dollars from the IMF, they jump and act as if it is a lifesaver. Then the next minute they are talking of $50M, $200M or $300M expenditures.

    Now this news.

    To my simple mind, it is just one pot with a thousand labels;

    I am wondering if some of this is bipolar/delusional behavior on the part of our government.

    Calling on John A, WB or a next braniac to give a short description of the various oitd

    Like

  • various pots of the GOB

    Like

  • Breakout de medical weed crops Quick…Mia ???

    Like

  • As I said in March this year, let’s get my great STARVE program started. We need to boost the national treasury.

    With all our impatience we must not forget, however, that our beloved government has reacted absolutely right with the unemployment payments.

    The opposition alone is to blame for the plight of the NIS. The opposition has filled the treasury with worthless government bonds. The people should call the opposition to account for this.

    Like

  • @ Tron

    Bim next ??

    New Jersey Marijuana
    Voters just said yes to legal weed in N.J. Now what?
    115, 507

    Shares
    Updated Nov 04, 2020; Posted Nov 04, 2020
    Facebook Share
    Twitter Share

    Like

  • (Quote):
    Government owes (i.e the politicians misused our money) $2.8 billion to the National Insurance Fund, and $0.1 billion to the Severance Fund. There is no cash in the Severance Fund. Where is the money currently coming from to pay the workers’ severance that employers are refusing to pay? (Unquote).
    ++++++++++++++++++++++++++++++++++++++

    Back to square ONE!

    Where is the money coming from to settle those looming large ‘statutory’ liabilities?

    It is looking like the Guv of CB (your understudy in public finance from your days on the Hill) will soon be cranking up the money printing press (again).

    What does Dr. Worrell have to say about this very ill patient call the NIS?

    Like

  • In this type of situation ya don’t know whether to laugh or cry..

    Haynes who can’t find the time to complete personal injury cases or are directing dumb youing lawyers to stagnate the court to a point of dysfunction and keep prolonging those against the elderly unnecessarily, violating the rights of senior citizens under the San Jose Charter for the Rights of the Elderly in Latin America and the Caribbean, he’s a lawyer and should know when he’s violating treaties and charters that the island is signatory to and that can have dire consequences for the vulnerable.

    now this..

    Like

  • Where is the garrulous President? Where is the army of consultants?

    Like

  • Miller…how long have i been talking about this dude and the insurance company and long inexplicable delays at the supreme court with everyone just REFUSING TO FUNCTION to provide a SERVICE or JUSTICE TO THE PUBLIC..although taxpayers are paying them MONTHLY……or in the case of the lawyers they are just being world class pricks…..and ya get the gist that they are all waiting for ya to die..and even worse, but i will leave that full explanation for another time..

    Like

  • Just to be clear…NIS BEING BROKE ….has NOTHING to do with Covid as the liars will soon slither out to gush and gnash teeth over….it’s the corruption, massive thefts, refusal to audit, refusal to comply with Auditor General’s requests…etc…ICBL was given ample time to haul ass before it all blew up…hope the ones who orchestrated that getaway can now face the HEAT….and the FLAMES..

    Like

  • @ Tron

    Did you try de weed mauby
    yet ???

    It’s cool 😎 mate.

    Like

  • DAILY DOSE OF MISERY CONTINUES FOR SOME.

    Accra Hotel can now be added to the companies that workers say have treated them unfairly.

    On Thursday morning at the Rockley, Christ Church property, many former long-time employees, protested after they said they were short-changed on their vacation pay.

    https://www.nationnews.com/2020/11/26/accra-workers-also-protest/

    Like

  • To be fair, the Mia Mottley administration cannot be blamed for the accumulated NIS mess. The PM, the Hon. Ryan Straughn, MP, and the Hon. Marsha Caddle, MP can only put their shoulders to the wheel and try to tackle a job to which an unkind providence has called them.

    A snarling, poverty-stricken, mistrustful, and agitated public will henceforth be nipping at Government’s heels until its appetite for basic necessities has been satisfied – literally and figuratively.

    We can already see the difficult situation the Government is being placed in by employers’ refusal to pay workers their severance. The government is trying to do the right thing for the workers by making sure they get their money. Barbadians want the workers to get their money, but not at the expense of the NIS. In short, they are insisting that the Government gives the employers a “drop kick, pin fall, and submission” and ransack their pockets for the workers’ money.

    Some are seeing the conflict as Barbadians and workers on one side, Government, the unions (except Caswell’s Unity), and employers on the other.

    Uneasy lies the head that wears a ministerial crown.

    Liked by 1 person

  • @ Theo

    Thanks For your kind words but it really is a case of no one wanting to bell the cat for years now.

    The problem started way back and was made worst in recent years by both parties. No audited financials for years and boards appointed as a form of political reward didn’t help it either.

    So let’s look at what happened over the last 10 years. I will use this time as it covers the reign of both the BLP and DLP, as they both hastened the demise of the fund. Also by doing this we remove the party faithfuls from accusing us of taking sides.

    The DLP as we say ” did the dog ” with the fund. That was a period of massive cost overruns on NIS financed projects. So you have now on the NIS books properties at values way in excess of market value. In other words the NIS property holdings are grossly overstated in real terms. Then we had the Sinkyuh printorama which forced the fund to hold government paper way in excess of what was deemed safe. So today the fund has $2.9B in worthless paper and another $2B roughly in overstated real estate holdings.

    Then came along the BLP who implemented a debt restructuring. Now remember the entity most devastated by this was the NIS. Overnight their $2.9B that was earning roughly 7% fell to 1% roughly leaving the fund with an annual income shortfall of roughly $170 million. After doing this goverment made no plan to address the revenue shortfall from the NIS either, so as a result it has been bleeding on this one issue alone nearly $15M a month! Added to this the rents on places like the Grotto can’t begin to service the cost of the projects and you have a perfect storm forming.

    Then came Covid which many would say was the final nail in the coffin. 40,000 unemployed meant benefits had to be paid out to them. But remember it also meant 40,000 were not paying monthly contributions anymore either.

    So in summary you have overstated property assetts and nearly $3 billion in worthless paper, that is of value to no one in a secondary market. Added to this one must include a serious monthly cash flow problem as a result of poor investments and not enough people working to meet the monthly demand on the fund.

    I defy anyone to question these realities and regardless how the party loyalist and politicians dress it up, this is the sad reality we as the shareholders of the fund need to discuss.

    Like

  • They NEVER want to take responsibility for their wicked, corrupt, sellout actions…it’s always, it wasn’t them, the report got it wrong, the people who can clearly see the corruption are racist, they are being blamed because the island is small, always some lie to justify THEM ROBBING THE PEOPLE….for corrupt, wicked criminals in the minority community and to line their own pockets…..the first thing the fake professor living off the black population came out to do was LIE..

    ..the man who compiled the report has been advising for 39 years…he is not a WHITEHOAX…and the MONEY IS MISSING…..these THIEVES NEVER talk about the DAILY INJUSTICES they mete out to the people with glee.

    The REAL INJUSTICE is ILLEGALLY and KNOWINGLY running a slave society AGAINST Black people for over 50 years…while STEALING THEIR FUTURE AND MONEY..

    STEALING from treasury and pension fund to elevate the cows, bizzys, tempros, bjerkhams, maloneys, and the other lowlifes who LIVE OFF BLACK PEOPLE in Barbados….

    STEALING to maintain some delusion that the shite in the parliament, descendants of slaves, are more than they are elected by the BLACK POPULATION TO BE….servants of the people HAVE NO PEDIGREE and should not be boasting about any, since the clown who did, started selling insurance from the early 70s to poor people in the most depressed areas in Barbados, who could not read nor write and he took their money and never gave them anything in return, a common class thief talking about pedigree in 2020 after ripping off Black people in the insurance scam…

    the tax report is right on point about what we know and have been posting about for YEARS….

    David Thompson WROTE OFF taxes for the crooked ass turf club, who knows how many billions of dollars they too stole while allowed to dip their hands into any money generated by the people..
    .
    Mia wrote off 1 BILLION DOLLARS for the minority thieves who STOLE THE VAT at point of sale, when they should be in prison…

    Mia wrote off another 1/2 Million or more for tax evading family, friends and fellow crooks

    Tens of millions has been MISSING from the pension fund FOR YEARS.
    .
    Billions of dollars HAS BEEN STOLEN OVER YEARS from the treasury to maintain the above mentioned minority criminals and their pretend slave master lifestyles AGAINST THE PEOPLE….so yes, it’s been at least 5 BILLION DOLLARS.OR MORE THEY RIPPED OFF FROM THE BLACK POPULATION….and reduced the people to POVERTY.

    pretenders and FRAUDS all of them…

    https://www.nationnews.com/2020/11/27/tax-report-got-wrong/

    “Barbados has been dealt an injustice, and potentially faces “significant” negative impact from an international tax report claiming to have exposed US$5 billion in tax abuse originating here.

    That is the view of prominent American attorney Bruce Zagaris, who has advised Barbados governments on international tax and financial services matters for the last 39 years.

    He says The State Of Tax Justice Report 2020 has got it wrong about Barbados”

    Like

  • These are the tricks they play, while knowing they broke the severence fund, they turned these people all around for their money but could trigger 40 million in the disaster fund to continue to allow the cow, bizzy crooks to feed off the people…

    ….People around the Caribbean must be warned to STAY CLEAR of Barbados and their fraudelent employer system of ripping off workers of benefits….deducting NIS etc and REFUSING to pay it to the people….stealing from workers to elevate crooks in the tourism sector…..treating workers like slaves…

    Caswell has to keep this in the news

    .“I don’t understand, because [National Insurance Scheme] NIS and PAYE were being taken out of our money and we would always get job letters describing us as employees of the Immigration Department and we even got vacation papers like what a temporary government employee would get,” she added.

    Since 2016, the workers have been seeking further information on their employment status and in a letter to the Permanent Secretary, they complained that up to 2007, they were denied paid vacation leave.”

    “Confusion over whether former workers qualify for severance – by Barbados Today Traffic November 26, 2020
    stories by Kareem Smith

    Former data entry clerks at the Immigration Department who were sent home more than a year ago say they are being denied severance payments, gratuity, and/or any form of compensation after more than 15 years of service to the Government.

    The group of 15 workers who were brought in to perform clerical duties, which included filing Embarkation and Disembarkation (ED) immigration forms, became casualties of a new automated system of recording arrivals at the Grantley Adams International Airport which made their jobs virtually redundant.

    After much speculation, the workers were informed on October 2, 2019, that their services were no longer required but that they would be called back into work if the need arose.

    Months passed and after receiving no word, they inquired about their monetary entitlements, only to be informed that, after 20 years of service in some cases, they were not employees but mere “contract workers” and therefore not entitled to severance pay.”

    Like

  • https://barbadostoday.bb/2020/11/26/confusion-over-whether-former-workers-qualify-for-severance/

    here’s the whole link….it’s time Mia and her lies are REPORTED to ILO…slavery is supposed to be abolished over 150 years ago….slave laws are still on the statute books and the relevant agencies must be told what these demons in Barbados do or it will never end…..this is MODERN DAY SLAVERY..stop hiding ya heads in the sand and make these wicked governments pay for enslaving yall..

    Like

  • Let the blogmaster be clear about something. Leslie Haynes should not have been appointed to the important post of chair of the NIS. Why you ask? He did not discharge his fiduciary responsibility as a director of Clico Holdings to the satisfaction given subsequent revelations. He would have had sight of the Board books and therefore have been aware of the questionable decisions taken. Yet today here he is Chairman of the NIS.

    Like

  • The comment above is not meant to attack Leslie Haynes, it is to stress the importance of appointing persons to the job who are not shackled by an obligation to the politicians. The NIS is not only important, it is in crisis and needs leadership at this time. When Haynes was head of the Barbados Bar Association he left it how he found it. What recommends him to the important job of Chairman of the NIS? We need to stop this foolishness.

    Like

  • There is a pending 160 million dollar lawsuit in the Clico scam dragging through the useless supreme court, Haynes is a defendant in that suit as either a director and/or lawyer of Clico, just as David Thompson was, he should never, ever had been put on any NIS board as chair, but that’s how corrupt governments operate, conflicts of interest rules in their little game playing in protecting their fellow wrongdoers….it was either put him as chair in a corrupt state entity or select him as judge in corrupt supreme court that he TOO is STILL HELPING to degrade to nonfunctioning levels., violating the rights of the elderly and other personal injury claimants…

    the latter would have played out the same way as the former…another cockup waiting to be exposed.

    Like

  • Now back to the important point Walter raised. Where is the money coming from to top up the unemployment fund.

    Like

  • I would advise BU commenters to stop posting recovery ideas which will only be TWISTED and MISUSED to continue the Barbados slave plantation for many more years by callous governments…..against the black population…the time, energy and brain power would be better spent SEEKING WAYS of ridding the island of modern day slavery, thefts against and victimization of the people.

    i am doing my part behind the scenes, everyone should make an effort..

    Like

  • 15 ex-Government data entry clerks feeling left out
    What about us?
    That is the cry of 15 former Government data entry clerks who have not received any severance payment since they were sent home last October after working between ten and 20 years for the Immigration Department.
    The all-female group is concerned that the National Insurance Department has been forking out thousands of dollars to pay private sector workers, while they have been told they are not entitled to any money because they were not registered with the Personnel Administration Division (PAD).
    Charlene Ward, spokesperson for some members of the group, said they were employed to file the Embarkation and Disembarkation (ED) forms for visitors but were made redundant when a computerisation system was put into effect.
    However, she said they underwent training in the digitisation programme and were told they would be integrated into the system by December 2019.
    However, Ward said previously retrenched workers from the public sector were hired to do the digitisation while they were left out.
    “We visited the Labour Office; PAD, the Home Affairs Office and they say they can’t do anything for us because we were not in the Government system and we were not registered by PAD. So really and truly we were employed by the Immigration Department but we did not come through PAD. They are saying that we were contract workers but we never signed any contract,” Ward declared, pointing out that over the years they tried unsuccessfully to get their status regularised.
    She said that after they were sent home they also had to fight to receive unemployment benefits.
    “They did not want to give us the papers for unemployment because they were telling us that those who were due vacation should take vacation leave and the others would be placed on no-pay leave.”
    Ward, 35, who took up the data entry job straight out of school, said many of them were going through hardships because they were still unemployed. And while she is happy to see private sector workers being paid severance, she believes that people like herself who worked hard for the Government should not be excluded.
    They have retained the services of head of the Unity Workers Union, Senator Caswell Franklyn, who told the Weekend Nation they were entitled to severance.
    (MB)

    Like

  • @ Dirt Farmer November 26, 2020 8:26 PM

    When you believe in our Grand Leader you do not need any drugs.

    Like

  • Top-up? You think this is a cell phone.
    I already called it SUPER a few days back….Severance and Unemployment, you can fill in the PER to suit.

    Wait @Tron, MAM gone from Supreme to Grand. She slipping skipper.

    Like

  • @NorthernObserver

    Isn’t that what they have been doing, topping up with taxpayers holding the bag?

    Like

  • For years these 3% of the population were allowed to steal form the Barbados Treasury and hence the people of Barbados. All kinds of statutory deductions they have not paid. No bid contracts for years. Paid millions for years and did shoddy work especially in road construction.

    Yet their Political yardfowls have covered up for them at the EXPENCE OF BLACK PEOPLE.

    Now they are breaking the Laws against against BLACK PEOPLE with impunity by not paying THEM their SEVERENCE PAY. And little is being done as usual by the Govt.

    After being voted in 30-0.

    Like

  • How can 3% steal from the fund if the decisions about the fund are made by people of your colour?

    Steuspe

    Like

  • Are we looking to LESLIE HAYNES for help????

    Is the RAT looking to the CAT FOR help?????

    Like

  • We are looking for the yardfowls to change their diet from grain.

    Liked by 1 person

  • They are OREOS.

    BUT YOU WONT GET IT.

    Like

  • Then are you willing to change your diet?????

    Like

  • @ Waru,
    I Agree with your statement at 6.17.

    There are no remaining back doors for this government to wriggle through. The decades of absolute corruption can no longer be camouflaged by this current administration. She knows it; you know it and so do the vast majority of Barbadians.

    Under the Roman empire. One would have been handed a knife. You would have slit your own wrists and transition yourself to another world.

    Barbadians must prepare themselves for an alternative to the BLP or the DLP. I cannot think of anything worse than workers who have been deprived of payments that they have earned. The clock is ticking on this administration. We may soon be witnessing a social tsunami in Barbados.

    Like

  • That maybe too simplistic, but the ultimate result.
    Recall, after IMF landed, one of the first observations, was the GoB had been collecting NI deductions from its employees, but withholding them from the NIS….using them to fund government. The inter-governmental books were likely a delight. So it is pure speculation as to precisely what transpired. They were swapping cash for IOU’s.
    Anyhow I am assured that @Miller will be quick to tell you how to turn a US$1M loan from BDD$2M to BDD$6M.

    Liked by 1 person

  • You still have any teeth left????

    Like

  • “Under the Roman empire. One would have been handed a knife. You would have slit your own wrists and transition yourself to another world”

    sounds ideal to me, once the next world is warned about what to expect from them…they all need to be kept in a state of permanent dimensional purgatory, never to stain and curse our world with their evil presence ever again..

    Like

  • @ David.

    You see why it is impossible to discuss anything seriously. Everything here boils down to colour and politics. Attempt at any real discussion is therefore pointless.

    Liked by 1 person

  • Critical Analyzer

    They are correct the fund is not broke since they have nearly 4 billion in assets but they do have a separation of funds as well as an accounting problem which we already know.

    This looks like a General Ledger accounting problem where funds are not debited from or credited to the various funds on a timely basis. We are told every contribution we make is broken down by percentage and put into various funds. But the website seems to indicate that all contributions are all going into consolidated accounts and various funds are recapitalized periodically or when funds become depleted as opposed to periodic inter-ledger transfers to the various funds on a weekly or monthly basis as is done with most accounting systems. Ideally these transfers should be done on a weekly basis since the contribution scheme is based on weekly Monday contributions if memory serves me right.

    The evidence of this is the exact amounts rounded to thousands held in various funds over the years e.g. Unemployment Funds Deposits at 12/31/2018. Those would have to be amounts manually transferred to keep funds at a specific level.

    Liked by 1 person

  • Am very proud of our people for FINALLY TAKING A STAND…Barbados’ modern day slave plantation CANNOT CONTINUE…this is the only way to TEAR IT DOWN…next stop international human rights courts…

    https://barbadostoday.bb/2020/11/27/broke-and-broken-hearted/

    “Broke and broken-hearted – by Kareem Smith November 27, 2020
    Long-standing employees of the award-winning Accra Beach Hotel on the South Coast say they’ve gotten nothing but disrespect in return for years of dedication to their former employer and the country’s tourism industry.

    On Thursday, approximately 30 of them joined a growing number of disgruntled hotel workers demanding that the Government and other relevant agencies take a deeper look at the inner workings of the glorified sector.

    During a three-hour protest outside the Rockley, Christ Church property, workers accused their former bosses of attempting to deprive them of vacation pay, while simply refusing to inform them about how and when their severance would be forthcoming.”

    Like

  • It’s clear that the FUND IS BROKE…has no severance money left…and only sitting on …a few millions-to billions in PENSION MONEY….did Haynes not say it’s 2 YEARS WORTH LEFT which EQUALS….the NIS IS BROKE……2 years worth of pension money MUST BE PAID OUT…then what…

    that’s what happens when ya place halfassed lawyers to chair an entity in which they are not fully trained..

    Like

  • Do the math yaselves. especially if what is being posted to another forum is true that over 70, 000 are out work, not sure about the total workforce because of fluctuations, but given current conditions it’s quite possible….they can’t even TIEF THE PEOPLE’S NIS CONTRIBUTIONS TO REPLENISH the fund..

    no jobs = NO contributions…not even to tief…

    Like

  • Critical Analyzer November 27, 2020 8:15 AM

    I don’t agree it’s a problem with the accounting, because government uses computerized accounting systems that allow for transactions to be immediately posted to the relevant accounts. As such, there isn’t any excuses management could offer for their failure to produce monthly financial statements.

    So, it’s a simple matter of incompetency.

    Like

  • @ WURA
    “ There is a pending 160 million dollar lawsuit in the Clico scam dragging through the useless supreme court, Haynes is a defendant in that suit as either a director and/or lawyer of Clico, just as David Thompson was, he should never, ever had been put on any NIS board as chair, but that’s how corrupt governments operate, conflicts of interest rules in their little game playing in protecting their fellow wrongdoers….it was either put him as chair in a corrupt state entity or select him as judge in corrupt supreme court that he TOO is STILL HELPING to degrade to nonfunctioning levels., violating the rights of the elderly and other personal injury claimants…”
    You are one hundred per cent correct again. That’s the point the long lines of jokers intentionally miss because they are afraid to speak directly to the issue. We fool ourselves we are all technocrats , and playing with decimals and spouting useless cliches will solve the problem. That’s exactly what we were educated to do.
    Another problem is that we all have to “eat” so while on BU , we shout loud , the work comes from either connections in Roebuck and or George Street ,so the little submissions are just a part of the game.
    How on earth we could write these lengthy epistles and some how forget that employers have been carrying out direct and bold face theft against the black working class? Tell me what degree or qualifications can solve that. I always thought that the same law enforcement agency that arrested and charged a citizen for stealing a tube of tooth paste would handle that. How come Donville Innis is in prison while white employers both expatriate and local can bluntly refuse to pay VAT and national insurance with no penalty. Why these crocodile tears from Mottley when she gave them over a billion dollars forgiveness for breaking the law and not paying taxes.
    And we must be honest and pursue the Black ones as well. They drew out the Barak construction issue; Arthur refused to pay a relatively small settlement and then the taxpayers ended up making the same Barak richer than he could have ever dreamed. Who were Barak lawyers. At least two BLP high ranking MPS.
    Who is COW lawyer- a Former MP
    and a recent President of the Senate.
    Who was CLICO lawyer a late MP and PM.
    Whose law firm represents Sandals?

    Peace.

    Like

  • @John A

    That will be dealt with soon if it continues.

    Like

  • Mia was told since last year that she will not get away with pushing the black population on to marijuana slave plantations that she ALREADY sold out to whites and others so they can continue their slave master roles against our people of discriminaton, racism, low salaries and no benefits…..just because she HATED the idea of seeing the SAME BLACK PEOPLE WHO ELECTED HER…with the marijuana trade, hate the idea of black people becoming wealthy and determining their own future and destiny, so she should tell her white canadians and others with their security guards and big dogs that it’s not going to happen WITHOUT CONSEQUENCES…

    Like

  • @NO

    Simplistic for who, the government? The taxpayers ultimately will be left holding the bag however which way you twist it.

    Liked by 1 person

  • Barbados Today editorial put Mia on blast for insulting the bajan public along with her nonsensical utterances of attacking media and public officials who spoke out on behalf of the hotel workers fighting for there severance payments
    The Editorial spoke a truth which needed to to be told to Mia and Toni Moore
    About time media find there balls when it comes to govt misleading and untruthful policies

    Like

  • Back to Walter’s question- what will the Board have to do to right the ship.

    Like

  • (Quote):
    I always thought that the same law enforcement agency that arrested and charged a citizen for stealing a tube of tooth paste would handle that. How come Donville Innis is in prison while white employers both expatriate and local can bluntly refuse to pay VAT and national insurance with no penalty. Why these crocodile tears from Mottley when she gave them over a billion dollars forgiveness for breaking the law and not paying taxes.(Unquote)
    ++++++++++++++++++++++++++++++++++++++++++++++++++

    And yet the same gang of corporate thieves and white-collar criminals would want to cry ‘foul’ and play the small-island racism card when the EU and OECD (who are far better at the internationally-played stealing game) call them bluff.

    Donville, by singing like a canary, has turned ‘Crown’ witness against the local taxpayers’ robbing thieving buggers.

    First deal with the small-island petty corporate thieves before crying rivers of crocodile tears looking for sympathy from bigger and more sophisticated card-carrying ex-colonial crooks.

    Putting up a show and making a mockery of justice by using Greenverbs as the poster boy of political puppetry will not cut it.

    Why not ask the gopher sitting in the chair of the Workers Only Lifeline?

    Like

  • Critical Analyzer

    @Artax November 27, 2020 8:44 AM
    We are generally saying the same thing. I am giving an analysis based on the very limited data presented on the website.

    The accounting problem the data in the link provided indicates it is one of accounting practices and procedures. I am less concerned with them publishing reports on a monthly basis and and more so concerned with the soundness and timeliness of their internal accounting practices and controls.

    Without further details on how their accounting process works for how contributions are applied to the various funds, how disbursements are made, we cannot get an understanding as to whether the cause of the problem is systemic procedural based or incompetence or both.

    Like

  • @Critical Analyzer

    Really?

    Wheel and come back.

    Liked by 1 person

  • “tell me what degree or qualifications can solve that.”

    i always suspected, but has since come to learn that a degree is similiar to one of the Bishop of Canterbury and the CoE’s branding iron, though it no longer sears black skin, it sears black intellect and signifies that you are still owned by the system, which does not necessarily indicate that ya actually have intelligence, it just means ya can regurgitate colonial inspired shite, and given recent events on the continent, i totally understand how and why…

    ..am sure Prof. Shillary will not be happy to hear that one either after his reparation’s disappointment…but it comes as no surprise to those of us who knew there was something very wrong with those shite degrees, especially when held by the strutting haunted house negros, who REFUSE to use the system to benefit black people….

    we all know the lawyers/esteemed LIARS of parliament..take taxpayers money in salary MONTHLY and also work for the minority thieves and crooks who obstruct black development and advancement, by robbing the treasury, pension fund and any developing opportunities…they’ve been doing it for decades and the hand to mouth lawyers, other politicians, bar association rats ALL BLACK etc who sit and condone all of it with their silence are just as culpable..

    Like

  • @ David
    Can’t you get it that no damn ship can be righted unless the BLPDLP corruption is exposed and discussions such as these on BU end up on the front pages of the action and Advocate and lead stories on CBC news. Don’t you and others understand that civil servants are now in serious survival mode because they are being forced into all types of corruption practices by politically boards.
    You have already stated that Haynes is not the correct choice. He is the political choice put there by your beloved Mottley.
    Time to stop this Gobbels nonsense. Intelligent people are seeing through the frigging facade.
    And for the kool aid drinkers ; this has been the modus operandi of both the Barbados Labour Party and the Democratic Labour Parrty.
    The problem is that the BLP ran a campaign against anti- corruption and incompetent governance and after two years , its Covenant of Hope has become a Covenant if Guns and Dope.
    Peace

    Like

  • I have seen Haynes in a courtroom, and fully understand why CCJ condemned him, and that other idiot god horse, the dude is not a real lawyer, he is an obstructionist…CCJ should have FINED both him and the horse millions of dollars for what they did….and chase them out of court rooms…damn clowns…

    Like

  • Should be front page of Nation , not “ action”. My apologies.

    Like

  • And yet the same gang of corporate thieves and white-collar criminals would want to cry ‘foul’ and play the small-island r”acism card when the EU and OECD (who are far better at the internationally-played stealing game) call them bluff.”

    i would go on the roof of every social media platform and SING A WHOLE ANTHEM… before i let those savages get away with that one…and they done know when i get going, am not shy at all…so let them continue crying wolf and she Bushman’s witch turn up, broom and all..

    Like

  • @William

    Who owns the Nation?

    Who owns the Barbados Advocate?

    Who owns Barbados Today?

    Do you get it now?

    Like

  • “Barbados Today editorial put Mia on blast for insulting the bajan public along with her nonsensical utterances of attacking media and public officials who spoke out on behalf of the hotel workers fighting for there severance payments.”

    don’t know where Mia’s head is at, but she’s NOT seeing the writing on the wall and she NEEDS TO CHANGE THE CLOWNS WHO ARE ADVISING HER….right into a trap…..and at taxpayer’s expense too…she still thinks she can hold on to the repulsive habit of promoting crooks, thieves and racists to 1st class citizen status, standing on the necks of black people…she needs a very STRONG AND RUDE AWAKENING…

    the media has to stay strong, their reputations are now at stake when shit goes sideways….and they already know Mia will be the first one to FLING them under the bus…..to save her own ass..

    Like

  • @ David.

    The board has 4 options.

    Increase the pension age to 70
    Increase monthly payments to both employer and employee by at least 30%
    Attempt to sell real estate holdings to get in cash.
    Hold out dem hand to government for a massive cash injection, which by extension is our hip pocket.

    My purpose for showing the serious situation earlier was to point out that the fund is in no position financially to pay its way going forward. It’s option are therefore only 1 of the above in my view.

    Like

  • The blog Master’s friends are getting their panties exposed.

    Liked by 1 person

  • @ David
    So just admit that we are in the sharks guts and we smoking crapaud pipe. But to constantly say that Haynes is the wrong choice is just pro-BLP propaganda. Hold Mottley to the fire and say : He is Mottley’s political Kool aid choice , sent to the NIS to camouflage her sucking up to and defending the corporate class the same way Thompson did with CLICO and Arthur did with Barak.
    In other words stop the damn poorly disguised defense of Mottley and her band of thieves, in the same manner we went after Stuart and his thieves.
    Do you now get it, my Brother. There can be no intellectual honesty if we attempt to draw lines of demarcation.
    We must go for the jugular. There is nothing new going on at the NIS; it’s just happening differently.
    Peace

    Like

  • @John A

    The taxpayer it is then. As you know BU has prosecuted the matter of the NIS every which way but up.

    Liked by 1 person

  • @ Critical Analyzer November 27, 2020 9:13 AM

    Your ‘contradictory’ statements do not add up to provide a ‘balanced’ account of the financial affairs of the government’s piggy bank.

    Don’t white collar criminals thrive in such environments where there is no financial reporting accountability to external stakeholders?

    Aren’t the internal management reports being generated from the same sources (financial databases) as those prepared for external financial reporting purposes?

    Isn’t the lack of ‘timely’ external reporting an indication that “their internal accounting practices and controls” especially in a modern ICT environment are ineffective (and has been for more than just one financial year)?

    If the problem(s) seem to be of poor management of the various Ledgers then why not get rid of those responsible for the maintenance of those ledgers and hire people who can do the job within the deadline of the financial reporting regime?

    Let us tell you a secret by letting the watchdog cat out of the money bag.

    There is much more in the financial reporting mortar than just the pestle made from a batch of defective ste(e)al embossed with the markings of both “systemic procedural” failures and “incompetence”.

    Not even Walter Blackman could have performed the ‘muted’ role of internal auditor.

    Like

  • He is Mottley’s political Kool aid choice , sent to the NIS to camouflage her sucking up to and defending the corporate class the same way Thompson did with CLICO and Arthur did with Barak.
    In other words stop the damn poorly disguised defense of Mottley and her band of thieves, in the same manner we went after Stuart and his thieves.

    Do you now get it, my Brother. There can be no intellectual honesty if we attempt to draw lines of demarcation.

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    THIS SHOULD BE A MUST READ FOR ALL LOCAL BLACK BAJANS CATCHING HELL ON THE 2 x 3 ISLAND.

    STOP BUYING INTO FAIRY TALES AND SEE THE REALITY AROUND YOU.

    Like

  • As the US$ goes, so does the future of currency that is on a fixed peg to the US$ exchange regime.
    The USA gets to print money that the world has to accept for international trade and payment settlements. If there is a reckoning coming, where will that leave the Barbados dollar and other fixed peg rate currencies? Barbados should be on a full court press to secure US$ funds from the IMF under the most favorable terms possible to shore up its financial situation.

    https://finance.yahoo.com/news/world-heading-towards-another-bretton-194442252.html

    Like

  • @David

    As Walter said it has gone way past the blame game now and has reached the stage of urgent resolution. It was inevitable but Covid brought it to a head quicker that’s all.

    You have poor non performing investments and are awash with worthless paper but you need cash liquidity to meet your commitments. The other massive blow the restructuring did was push forward maturity dates on the goverment paper. So lets say the NIS was planning for a $50M cash injection coming from a bond maturing in 2021 for example, that has now been postponed for maybe 10 years. The fund needa cash to run on and not worthless paper. You can’t give 80 year old Mrs Jones in St George a bond to take to Massy. It is a case of a cash starved entity trying to meet liquidity issues monthly. It will not happen hence the PM having to ” top up de fund.”

    Liked by 1 person

  • To be fair, the Mia Mottley administration cannot be blamed for the accumulated NIS mess. The PM, the Hon. Ryan Straughn, MP, and the Hon. Marsha Caddle, MP can only put their shoulders to the wheel and try to tackle a job to which an unkind providence has called them….(Quote)

    Right and wrong. Right in that the Mottley lot should not be blamed for the mess the NIS fund is in; wrong in that after two and a half years they should have put in place systems to sort it out.

    Liked by 1 person

  • I found myself believing that the problems of Barbados was one of corruption, but when two men who are usually on opposite ends of a discussion (mostly personal) arrive at the same but a different conclusion, then we should give some weight to their conclusion

    Hal has often stated that the problem in Barbados is one of incompetence an it appears that no matter which angle we approach it from it reduces to “So, it’s a simple matter of incompetency.”

    Perhaps the truth is somewhere between Wura’s ‘corruption’ and others” “incompetence”. If it was incompetence or corruption then there is a hope of a remedy, But fighting a combination of the two require more than a doubling of the fight.

    Like

  • @John A

    All those years ago was it Walter who called to challenge government’s investment in the two buildings at Warrens at the time that provoked Physical Deficit to call? Trying to recall. NIS pumped millions into those two building with the explanation rental income will make it a worthwhile investment. How has that worked out?

    Like you stated, we have to stop the politics man. Calling Mia’s name as William is demanding will not make a difference although the blog will from time to time. How many times have we questioned the PM about the large cabinet and ancillary staff? Did it make a difference in SGN? The by election was promoted as a check of the government’s popularity.

    This blogmaster has taken to calling out the Odles, Gooding-Edghills, Leslie Haynes etc. The political class only listen to those in the shadows, not the people. A lowly blog does its thing with the expectation others will run with it. Every now and then we get lucky but it will take a tipping point moment to shake the rotten tree, Is Covid 19 it? Some would have sworn yes but …

    Like

  • @ Critical Analyzer

    You don’t need further details on how the NIS’ accounting process works. My point is, government departments use computerised accounting systems that allow for the immediate allocation of transactions to the relevant accounts.

    If the transactions are entered correctly, then, reports relative to contributions to the various funds and corresponding disbursements can be generated at anytime. If not, then, it’s incompetence.

    Liked by 1 person

  • THEO
    RE Perhaps the truth is somewhere between Wura’s ‘corruption’ and others” “incompetence”. If it was incompetence or corruption then there is a hope of a remedy, But fighting a combination of the two require more than a doubling of the fight.

    THERE IS ALSO THE PREVALENCE OF INFERIOR SUPERIORS!
    INFERIOR SUPERIORS ABOUND IN BARBADOS
    THEY ARE LIKE BROOK BENTONS HIT FROM THE 60’S………HITHER THITHER AND YON

    Liked by 1 person

  • @ David.

    Just lets look at the 2 buildings in warrens and ask these basic questions.

    Are rents up to date?

    Does the rent reflect the book value on the building thereby ensuring the fund say a 8% return on that investment?

    Are rents being paid in a negotiable form or is it just a journal entry? After all remeber the fund needs cash!

    One almighty mess!

    Liked by 1 person

  • Theo…we can post on it all day long, but as long as there’s no action and changes made, everything will continue as normal for them, just as they wish whilethe people suffer, the difference this time, there are those who will not sit quietly by and allow Mia and her gang to get away with this wicked shit, don’t care how much she threatens and tries to bully the press into silence, while overlooking human rights crimes.

    don’t forget when George Floyd was murdered and racism was exposed with strong advocacy that showed results, symbols of racism toppled in no time at all…..Mia is the only person on earth i knew who came out and claimed it’s just a trend, not even hardcore racists were that brave to hint that racism and human rights violations will soon return to normal, because that’s what she wants, how she wants to see her people live, not independent and not free, just like how she thinks she can force things in Barbados to stay as they are…… ah wonder how that trend she was praying for is working out for her now..

    remember she lied about the nelson statue needing some stupid committee to decide if it should be removed while knowing that one was done 22 years before, an attempt for years to be spent talking shite at taxpayer’s expense AGAIN…..both her and Comissiong knew this, then it took another round of exposing to finally have it removed, then she tried to turn it into some ceremony of honor for an enslaver and racist…..none of them can be trusted with black people’s lives…as long as the people understand that, there should be no problem in 2023…to remove the enablers of racism, disenfranchisement, exploitation, and enslavement out of the black population’s lives…and permanently out of the parliament.

    Like

  • Someone will get entirely fed up at some point and take the first step of hauling them up before a human rights court for their determination to violate black people’s human rights in Barbados..every last one of them will be on the world stage……soon come…let her and them continue..

    the Rasta group they love to terrorize, demonize and marginalize just because they refuse to be assimiliated into the slave society, already put them on notice…others will soon follow..

    Like

  • @HA
    Spot on!!
    Fair or not, this one will bite. They rolled the dice, a calculated risk, and the pandemic has catspraddled things.
    Note: the spinners are still examining the pitch after overnight rain.

    Liked by 1 person

  • The old folks saying sums this mrss up
    Yuh cud hide and buy land but yuh cant hide and wuk it
    David that message is for you
    Btw stop holding umbrellas over mia head when it is raining
    One day yuh might get struck by a bolt of lightning

    Like

  • there should be no problem in 2023…to remove the enablers of racism, disenfranchisement, exploitation, and enslavement out of the black population’s lives…and permanently out of the parliament.

    oh we know the scum of the earth thieves and racists, the bizzy, cows, maloney etc already got a new generation of new nigas primed and ready to settle into the parliament to sellout their own people again, what’s there right now are old stock, but we are ready for that too, there is no end to them, so the ones who are already in the haunted house better stop thinking they are the best and most special sellouts, they are easily replaced, that’s why they are ALL being MARKED for scorn and shunning worldwide, sellouts are extremely dangerous to black lives and they have to be acted on…they too have gotten away with their tainted bloodlines for centuries, but not anymore.

    Like

  • All of these stories of no severance being paid although contributions ARE DEDUCTED..with government being the BIGGEST FRAUD and enabler…2nd only to their tiefing hoteliers et al, deserved a special kind of exposure,, people need to know what our island people are subjected to on a daily basis by their evil frauds who run out on the world stage painting a very different picture with their mouth filled with lies..

    ….no wonder the media feels they’re being threatened, there is a lot more she wants to keep covered up, but hell no…..this is karma and comeuppance time..

    Like

  • Some one said that since May of 2018 Mia rewarded the wealthy but told black bajans to be there brothers keeper
    Waiting to see if that bold faced promised Mottley made about tge NIS taking legal action against the hotel is going to happen
    When i read some of these comments i feel a sense of shame and disgust that a black govt would treat its own in such disgusting manner while asking the same disenfranchised people to be their brothers keeper
    Where have morals gone

    Like

  • The worst part is, they are telling themselves that they can continue these clear crimes against black people indefinitely, oh i heard how some of these dirty no good lawyers and even the trash minorities, love to threaten people and set up deaths….but this is another era, and someone would take one or more of them to hell out, so let them ride on believing they’re untouchable..

    i remember a year or two ago, a relative of a former PM was warning someone about how dangerous the same Haynes is, but the person just said, if he’s not made of steel, he’s no more dangerous than anyone else and given the size of he island and his bloated ass, he can’t even hide….

    Like

  • That conversation stemmed from the fact that black people were being warned that if they have personal injury cases in the supreme court and they were about to win their case, there was a distinct possibility that they would be set up and killed, the trash involved just HATE seeing black people with anything, even and particular when it’s THEIRS…so they’ll kill you for your properties, they will kill you for your compensation, they will deny you your benefits…

    .but as i said, they will meet the right people one day who they think they can kill and then they’ll know…

    something is very, very wrong in Barbados, none of what they do to Black people is normal..and it’s ALL EVIL..

    Like

  • BLACK PEOPLE want food to eat he is talking about a waterpark:

    https://barbadostoday.bb/2020/11/27/caribbeans-largest-water-park-opening-in-barbados/
    (now they are taking up Brands Beach)

    Like

  • @ Carson

    The Chinese wanted to build on Brandon’s, even Stuart objected. There is more to come. It will end in tears. We will be forced more and more in to the centre of the island. Look at the West Coast, and how it has now reached in to St Peter and St Lucy.
    We will soon be strangers in our own land.

    Like

  • A way must be found to STOP certain black people from having any power whatsoever over each other….it’s sickening what they’ve turned the island into with their greed, pretense and hatred directed toward their own people, they hate to see them progress, hate to see them grow, hate to see them prosper….always showing their envy, jealousy and disdain when one of their own have or are about to get something…..and they are the leaders, something has to give..

    Antigua just had to arrest one of it’s lowlife ministers for some crimes, another one from Grand Bahamas, deputy PM and minister of finance whose name got caught up in some scam and he resigned, give these old nigas or new nigas any power at all over the people , a title, a monkey clown suit and there are always problems…..but they won’t dare behave like that with the people they sellout or rob their own people for…..they are a disgusting disgrace, who are to be exposed everywhere ..everyone is on to them now, no escape.

    Like

  • Like

  • HAL

    Never let a good crisis go to to waste.

    The WHITE PEOPLE mean they must are always be at the top of the Totem pole. Every thing being done to get rid of BLACK PEOPLE.

    Like

  • @ Carson

    They can only do that with the help of a corroborating black government. Who gave planning permission for Brandon’s? The prime minister is also the minister of planning.

    Like

  • Hal

    So true.

    The Barbados Labour Party Govt. is moving full steam ahead helping the WHITE BAJANS, while increasing the suffering of BLACK BARBADIANS.

    I know that blog master will get blue vex, but I cant help it.

    Like

  • WHAT IS WRONG WITH THE FOLLOWING:

    @HAL AUSTIN
    @Carson Cadogan
    @WARU
    @MARIPOSA

    CAN YOU ALL STOP CONSPIRING AGAINST THE BLP GOVERNMENT AND THROWING SHADE ON THE 2 x 3 ISLAND.

    LOL

    Like

  • Steuspe

    Facebook down?

    Like

  • Did you coggers read the article? The project it is reported started five years ago. Who would have approved it five years ago? The blogmaster knows- the prime minister Mottley.

    Steuspe

    Like

  • The government has overstepped its boundaries, they are servants, not overlords as they believe, they’ve gotten away with many crimes against black people for a very long time, i remember a time they had the people fully believing that what they were experiencing, the racism, exploitation etc was because of UK telling them that they have to treat the goddamn rejects for minorities, the descendants of slave catchers deported from UK, special, am like who deports people and demand they be given special treatment…steupppss…many people still believe that, i always had a problem with that story which sounded like an outright lie to me, Elizabeth notwithstanding, and i was right, because here they are all unhitched from the monarchy because they were seeing 50 billion dollar bills in reparations to TIEF….. that’s NEVER GOING TO APPEAR, got the goddamn nerve to call EU racist and still mistreating, robbing and selling out black people. in a racist slave society, they cultivated, nurtured and maintained WITH BLACK PEOPLE’S MONEY..

    ….i watched them over the years use both UK and EU to their advantage, as it suits them, to cover up their crimes against the people….when they do evil shit, both UK and EU were handy to pass the blame to….i want to laugh, but it’s really to serious.

    i just knew that one day, their short memory syndrome will cause them to forget that lie and show their true colors…,..and there i would be to EXPOSE THEIR ASSES…

    Like

  • Baje…i’ve been waiting for a very, very long time, decades to expose that, because deep within myself, it sounded like a lie although you could call me a teenager when it was first told, no matter the history of UK and EU….there may have been a period of time where that fake whiteness shite was protected, which included the shite minorities…but after Adams and that crowd of sellouts died off and the 90s stepped in, we should never have been hearing that same old story from the black faces in the parliament…particularly NOT IN 2020 when they made a big international media splash about getting away from Elizabeth and her crown, yet continue to treat the people the same way with robberies, selling them out, denying them human rights and that repulsive behavior…it’s impossible to tie that to UK and EU in these time…that’s all on the black face frauds..

    the decades long wait was truly worth it..

    oh, they can come after me for that, but am waiting..

    Like

  • Hal

    you see I tell you the blog master would get blue vex????

    Like

  • CARSON PLEASE KINDLY NOTE THAT MY POSTS TO INFORM YOU THAT YOU MUST NOT CRITICIZE THE BLP ADMIN HAS BEEN DELETED

    Like

  • @ Carson
    @GP

    The chairman is being silly, unless he is a paid propagandist for the autocratic president. He has no concept of free speech. Is he a real person, or is his name another pseudonym? Is he a black Bajan?

    Like

  • NIS Pays $123.2 Million to over 32,000 Unemployment Benefit Claimants

    During the period March 23, 2020 to October 16, 2020 the National Insurance Scheme (NIS) paid $123.2 million to 32,003 unemployment benefit claimants.

    Acting Director of the NIS, Jennifer Hunte confirmed the following unemployment benefit payments update:

    UNEMPLOYMENT BENEFIT PAYMENTS
    Year 2020 2019 2018 2017
    Period Mar 23 – October 16 Jan – Dec Jan – Dec Jan – Dec

    Payments Made $123.2 million $49.3 million $38.1 million $32.8 million

    https://www.nis.gov.bb/nis-pays-123-2-million-to-over-32000-unemployment-benefit-claimants/

    Like

Join in the discussion, you never know how expressing your view may make a difference.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s