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NIS Town Hall – The Golden Chip

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Today is the scheduled NIS Town Hall for a concerned public to share feedback to the revelation our National Insurance Fund (NIF) needs another lifeline. In recent days the buzz is a concern the eligibility age for NIS pension will be extended to 72 years old.

The blogmaster is willing to bet Prime Minister Mottley being the political animal she is anticipated that NIS reform currently being contemplated will significantly deflate her popularity, she needs the time to implement reform and win back favour BEFORE the next general election, the perfect political gamble. Especially if she is serious about demitting office at that time. Therefore one of the reasons for an early general election call.

Follow the NIS town hall at Combermere School, Waterford at 6PM.

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413 responses to “NIS Town Hall – The Golden Chip”

  1. David Avatar
    David

    @NO

    Yes.

  2. William Skinner Avatar
    William Skinner

    @ Pacha; @ WARU
    David seems to not know that there are some here trained in propaganda tactics. And have been identifying how it is disseminated long before he can even imagine.
    Peace.

  3. David Avatar
    David

    Here NO:-

    ————————————————-

    The facts behind the Four Seasons, the NIS and the Auditor General’s Report

    When the BLP Government came to power in 2018, it presumed that because it had been reported that ANSA Merchant Bank had called the Government guarantee on the Four Seasons project in 2013-14, the Government now owned the property. It had effectively paid for it. So the new Government set about selling it to recover the USD$60m that the Government had paid and the BDS$9.8m the NIS had invested in 2012.

    It was only through the title searches of the sales process in 2018 that the new Government discovered that the previous Government had entered into a private transaction with a contractor sometime between 2014 and 2016 where it had transferred the title of the property without receiving a cent – the new owner was to use this title to find an investor and pay $20m to the Government then. In response to this discovery, the new Government did what every textbook would say to do. Write down the asset – after all the Government did not seem to hold title – and go to court to seek to recover title or value, which is ongoing. Minister Straughn explained all of this in Parliament in 2021 when the auditor general first expressed concern that the asset had been written down. While disingenuous people are jumping up and down about the write-down even though conservative accounting rules would require it, the real issue was why and how was an asset worth over USD$100m not secured but transferred without consideration by the last administration. Maybe there is a good explanation. Times were tough. But it didnt work. By 2018, the property was unsold and desolate and no money paid.

    In the same way that ill-informed people have misconstrued this Government’s correct actions for narrow political purposes, the retelling of the Four Seasons story is similarly full of distorted truths and flagrant untruths. Here are the facts. The project began when a dozen British shareholders bought ‘Paradise’ from Butch Stewart around 2004-5. By 2008 the project was going well encouraging some extravagant marketing; 14 celebrity villa owners had invested USD$90m into building their homes and were due to put in a further US$90m. This along with new sales (and there was plenty of interest) would finance the building of the hotel. Then the global financial crisis (2008-2012) hit. New sales lurched to zero. Existing owners no longer wanted to put any more money in till the hotel was built, and the hotel couldn’t be built till they put in their money. Catch 22. In February 2009, the project went bust. Eight hundred (about 200 were Chinese) workers lost their jobs, almost 300 Barbadian suppliers were stranded and owed BDS$30m, with non-Barbadians, primarily UK-based HBOS, owed a further US$35m.

    At this point the global crisis had not yet hit Barbados hard and the Thompson-led Government thought if they could use bridge finance to build the hotel and remove the Catch 22, Barbados could be insulated from the worst of the crisis. The Government offered a guarantee of USD$60m in December 2009 to a bridge financier, as long as the existing management was removed from decision making, and the new team made commitments on local employment, links to local agriculture and sustainable tourism. It created a rescue Board to oversee the bridge to long-term finance with myself as chair. I recruited the late great Jean Holder as a Board member and, following a tender, appointed a professional project management team out of the UK (Davis Langdon). All costs of the rescue were strictly budgeted, controlled and audited by ANSA and benchmarked to what would have been spent in a court appointed receivership. Alongside a panel of lawyers associated with the then Government, I asked then Opposition Leader Mia Mottley to draft the government guarantee as she had drafted the last one on the Prison. It was a rare example of Barbadians casting aside political colours to try and save jobs, small businesses and support the economy.

    By June 2010, I raised USD$60m from ANSA. USD$50m of this was used to part pay off creditors to keep the project going, with the smallest Barbadian suppliers and the UK senior creditor first in line. The rest was to spend 12 months redesigning the project, carrying out the necessary engineering and cost studies for investors and restarting construction to win back confidence. By late 2011, I had negotiated US$80m long-term finance from the Inter-American Development Bank (IDB). To arrive at their decision to invest the IDB management and Board reviewed in detail all aspects of the recovery including all expenditure and contracts. We needed just US$30m/BDS$60m more.

    One proposal in early 2012 was that the NIS filled this gap and invested alongside the Inter-American Development Bank. With the IDB’s capital might underpinning the investment, it would be safe for the NIS. But the political noise around the potential NIS investment made the IDB Board nervous. The NIS proposal came about because credit conditions were deteriorating fast, Greece collapsed in 2010 and defaulted in March 2012, Barbados’ economy contracted sharply, and many of the villa owners were struggling and pulling out. Critically, Barbados’ credit rating fell from investment grade to worse than junk. Late in 2012, the IDB said it was no longer comfortable lending US$80m and was more prepared to lend US$50m instead, taking an increasingly hard-to-finance gap and making it bigger. The bridge finance had run out 12 months previously and the entire rescue team was working for nothing but stress which was hard for many families. Some became seriously ill. Admitting failure, I, and the entire Rescue Board, resigned at the end of 2012.

    When I negotiated the Government Guarantee in 2010, I designed that if the Government ever had to make good on the Guarantee, the Government would have a first claim on the property. All other claims would fall behind the Government, so if the owners couldn’t pay the Government back, it could foreclose and take title. The legal team and I fought hard for this against Four Seasons and others who wanted to have the first claim. This meant that the USD$60m government guarantee and the BDS$9.8m investments were fully backed by an asset that at the time of the guarantee chartered valuers had put at USD$110m in 2010, (40 acres of prime west coast beachfront land with planning permission and engineering studies for a hotel and residential development).

    All real estate collapses and rescues are messy. Maybe someone else could have closed the long-term finance back then. Thanks to the guarantee design though, there is a reasonable chance that once the Government gets back title and the land is sold in the calmer conditions of today the Government and NIS get back the full amount put in. During the recent sales process a line of buyers formed bidding over USD$65m in part cash and debt offers, but they can’t buy from us what we do not currently own. That is why we are in court and until we get back title, why the asset was written down.

    Avinash,

  4. Bush Tea Avatar
    Bush Tea

    The question is who follows BU..
    It is the BU focus that Bushie is referencing…

    As to the Media…
    Can you not see that they have been BANNED from discussing the BLPC case …period!!
    …or did you miss that?

    WAIT!!!…. or does that apply to BU too.
    LOL
    ha ha ha

  5. 555dubstreet Avatar
    555dubstreet

    Chief of Staff
    Chief of Dub

  6. 555dubstreet Avatar
    555dubstreet

    David seems to not know that there are some here trained in propaganda tactics.

    You seem an expert in emotional misinformation

    Salute & Wouldnt Lie Riddim

  7. David Avatar
    David

    @Bush Tea

    It should be known by all and sundry by now that submissions on most subjects will be entertained. By the way, did you see the interest shown to Grenville’s post? People like the salacious and mudslinging. Any subject that requires some deep thought will flow under the radar. You should be aware by now.

  8. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    “And have been identifying how it is disseminated long before he can even imagine.”

    sometimes you must leave people up to their own devices, to their own REVEAL…

    neocolonial politics is too nasty and demoralizing for me to dirty my hands or websites with…i will be doing the present and future Afrikan generations a great disservice engaging……but these tink they are experts and fall over themselves to show us each time…

    then, the same topics are regurgitated ad nauseam endlessly, same corruption, same oppression, same suppression, same disenfranchisement…same tiefing minorites…same THEFTS FROM THE PEOPLE…in a cyclical glossed over world without end…where nothing changes or gets better…

    ….bad enuff i had to explain the filth that emanates from the usual suspects, on the recent family visit…. so they could understand what’s wrong and STAY JUST AS FAR AWAY FROM IT, same distance or even further from where THEY LIVE…..so they don’t fall into slick talking traps to GET RoBBED…..as everyone should be doing for their visiting relatives and stop pretending and telling lies about the reality…

  9. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    So who was the lawyer for the four season SCAM again…..can’t claim any plausible deniability when this was well known and disseminated here on BU years ago…..by Northern…..and yet they act like this is news…

    propaganda…

    Northern…save ya energy …

  10. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    btw…wasn’t the same dude with the long essay one of the four seasons failures who was touted as some expert back then too….wuh if dah is de best wunnah could do for experts…..huh!!!

    de property is still merrily rotting away and everyone is still crying shame….so wuh he bringing to the table BESIDES A COVER UP…

  11. GP Avatar
    GP

    FIRST OF ALL
    LET ME SAY THAT I AM HAPPY TO SEE YOU TODAY MR VINCENT CODRINGTON
    SECOND RE Mottley cannot save us. She can’t even save herself.

    THIS IS THE TRUEST STATEMENT PUN BU TODAY BECAUSE THE ONLY ONE WHO CAN SAVE ANYONE ANY TIME ANYWHERE IS THE LORD JESUS CHRIST, AND EVEN SO HE CAN ONLY DO SO IF HE ASK YOU HIM INTO YOUR HEART

    1 Timothy 4:10 SAYS THAT IN King James Version
    For therefore we both labour and suffer reproach, because we trust in the living God, who is the Saviour of all men, specially of those that believe.

    HIS WORK ON THE CROSS WAS SUFFICIENT FOR ALL MEN……..

    BUT

    IT IS ONLY EFFICIENT FOR THOSE WHO BELIEVE

    HERE ARE THE WORDS FOR THE MOST POPULAR SONG ON THIS TOPIC, EVEN THOUGH THIS IS A NEWER AND NOT AS WELL KNOW TUNE

    We Have Heard A Joyful Sound (He Saves)

    Verse 1
    We have heard a joyful sound
    Jesus saves
    Spread the tidings all around
    Jesus saves
    Bear the news to every land
    Climb the steeps and cross the waves
    Onward is our Lord’s command
    Jesus saves

    Chorus
    He saves He saves Christ Jesus is alive
    His cross and grave become our victory cry
    He saves He saves be reconciled to God
    Tell the nations Jesus saves

    Verse 2
    Sing above the battle’s strife
    Jesus saves
    By His death and endless life
    Jesus saves
    Sing it softly through the gloom
    When the heart for mercy craves
    Sing in triumph o’er the tomb
    Jesus saves

    Verse 3
    Give the winds a mighty voice
    Jesus saves
    Let the nations now rejoice
    Jesus saves
    Shout salvation full and free
    Highest hills and deepest caves
    This our song of victory
    Jesus saves

    http://www.cornerstoneworship.co.uk/amazinggrace-838483-396460-213816-605216-636451-753408-634645-879541-778976-555800-809650-871728-321304-474026-366408-733629-828699-539333-782232-281984-471131.html

  12. Enuff Avatar
    Enuff

    David

    I am confused. Has not one single license to generate electricity been granted for an application that falls under Section 5 of the Act? If licenses have indeed been granted, under what Act were they granted, how many were granted, who granted them and who objected?

  13. GP Avatar
    GP

    HERE IS THAT LOVELY SONG WITH ITS LOVELY MESSAGE

  14. David Avatar
    David

    @enuff

    Is what you list the crux of the concern?

  15. Pachamama Avatar
    Pachamama

    What a hackneyed scenario!!!!!!!

  16. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Pacha…if the young people who do not live on the island can see very clearly that these CARE ABOUT NO ONE but their low crawling selves…and would want NOTHING TO DO WITH ANY OF THEM ever………maybe those who live on the island are too close to the situation….and need to step back and view things from a new perspective…

    but, many can see….they just have to act..

  17. Pachamama Avatar
    Pachamama

    Waru

    You are essentially describing a condition first observed by psychiatrists, industrial psychologists, after the second Great War period.

  18. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Pacha…these are replays…cyclical…and must be BROKEN…..both the concept and their practitioners.

  19. 555dubstreet Avatar
    555dubstreet

    Lift Up Dub Dubliftment
    Enough is Enough
    Lift Up My Voice
    [[[[BAN GP]]]]

    https://www.youtube.com/watch?v=G_JBdPy0jkc

  20. David Avatar
    David

    The Four Seasons Project – Story of Failure continues to be an example of how the public continues is short changed by public officials elected and recruited to serve us. The inability of taxpayers to solicit answers to legitimate questions regarding the quality of decisions made by successive governments is an embarrassment to the type of democracy we should be aspire. This has to be a significant contributing factor to the social dysfunction we have been reminded by the Trojan Riddims video affair – see How De Yutes Get So?. Officialdom expresses righteous indignation at a group of artistes for violating public morals of the country, however, successive governments and public servants have been unable to defend malfeasance, financial indiscipline highlighted in years of Auditor General (AG) reports. It is surprising local calypsonians hasvenever penned a title ‘politicians laughing at we’. The Paradise 88, Four Seasons, Clearwater Bay issue suggest there is opportunity for another title, ‘public servants also laughing at we’.

    Some took umbrage to the call by BU that some public servants should be fired for unresolved issues highlighted in years of AG reporting- see 2020 Auditor General Report – Time to Fire Senior Public Servants. Yesterday AG Leigh Trotman was quoted in the press calling for tougher legislation to force public servants to comply with requests for information to complete audits. A decade of AG reports and not one person handed over to the justice system for processing. Not a single public servant sacked. As we prepare to convert to a Republic meant to solidify people power, it begs the question – why are senior public servants betraying the trust of the PEOPLE?

    The Four Seasons matter is a classic case of the cloak of secrecy zealously guarded by politicians AND public servants. How on earth can a government incorporate Clearwater Bay Limited, appoint directors who are public servants with a fiduciary responsibility to citizens of Barbados, yet, feel comfortable guarding the interest of politicians and the money class? These public servants must be held accountable.

    Junita Thorington-Powlett

    Nancy L Headley

    Sonia Carol-Ann Foster

     

    Although the AG is constrained to audit public sector business, it should not be forgotten the other signature on public agreements is often times a private sector player. The company Clearwater Bay Ltd had oversight over the transaction which led to the following comment by the AG:-

    The treatment of the investment in Clearwater Bay needs to be further explained. The investment in this government-owned company was recorded at a value of $124 million investment in prior years. It represented an investment by Clearwater in the Four Seasons Hotel project. The value of this investment remained unchanged on the books of government for several years even though the property on which the investment was based was significantly impaired.

    Leigh Trotman, Auditor General

    The part of the AG’s comment (highlighted) taxpayers should be concerned about is that public servants who sat on the Board of Clearwater Bay as directors have been complicit in the ‘cover-up’. Many, if not all of the directors are considered respectable citizens of Barbados and competent public servants. The meetings of Clearwater are recorded in board books and should be available to the public. Unfortunately the public does not have the avenue of Freedom of Information legislation to activate an important check and balance in our system of government, this should not be necessary if the public servants serving as directors of Clearwater protected the public’s interest they are ethically required to do.

    It is never too late to right a wrong Directors.

    William Decoursey Layne

    Adrian Maurice King

    Louis St. Elmo Wooddroff

    Margaret E Sivers

    Sonia Carol-Ann Foster

    Junita Thorington-Powlett

    Nancy L Headley

     

    Enter Clearwater to see Clearwater directors listed in the ICIJ – Offshore Leaks Database.

    Related Documents:

    1. Paradise 88 and Clearwater Sold to PHARLICIPLE INC
    2. Request for Offers to Purchase and Develop ‘Paradise Property’

     

  21. David Avatar
    David

    The Four Seasons Project – Story of Failure continues to be an example of how the public continues is short changed by public officials elected and recruited to serve us. The inability of taxpayers to solicit answers to legitimate questions regarding the quality of decisions made by successive governments is an embarrassment to the type of democracy we should be aspire. This has to be a significant contributing factor to the social dysfunction we have been reminded by the Trojan Riddims video affair – see How De Yutes Get So?. Officialdom expresses righteous indignation at a group of artistes for violating public morals of the country, however, successive governments and public servants have been unable to defend malfeasance, financial indiscipline highlighted in years of Auditor General (AG) reports. It is surprising local calypsonians hasvenever penned a title ‘politicians laughing at we’. The Paradise 88, Four Seasons, Clearwater Bay issue suggest there is opportunity for another title, ‘public servants also laughing at we’.

    Some took umbrage to the call by BU that some public servants should be fired for unresolved issues highlighted in years of AG reporting- see 2020 Auditor General Report – Time to Fire Senior Public Servants. Yesterday AG Leigh Trotman was quoted in the press calling for tougher legislation to force public servants to comply with requests for information to complete audits. A decade of AG reports and not one person handed over to the justice system for processing. Not a single public servant sacked. As we prepare to convert to a Republic meant to solidify people power, it begs the question – why are senior public servants betraying the trust of the PEOPLE?

    The Four Seasons matter is a classic case of the cloak of secrecy zealously guarded by politicians AND public servants. How on earth can a government incorporate Clearwater Bay Limited, appoint directors who are public servants with a fiduciary responsibility to citizens of Barbados, yet, feel comfortable guarding the interest of politicians and the money class? These public servants must be held accountable.

    Junita Thorington-Powlett

    Nancy L Headley

    Sonia Carol-Ann Foster

     

    Although the AG is constrained to audit public sector business, it should not be forgotten the other signature on public agreements is often times a private sector player. The company Clearwater Bay Ltd had oversight over the transaction which led to the following comment by the AG:-

    The treatment of the investment in Clearwater Bay needs to be further explained. The investment in this government-owned company was recorded at a value of $124 million investment in prior years. It represented an investment by Clearwater in the Four Seasons Hotel project. The value of this investment remained unchanged on the books of government for several years even though the property on which the investment was based was significantly impaired.

    Leigh Trotman, Auditor General

    The part of the AG’s comment (highlighted) taxpayers should be concerned about is that public servants who sat on the Board of Clearwater Bay as directors have been complicit in the ‘cover-up’. Many, if not all of the directors are considered respectable citizens of Barbados and competent public servants. The meetings of Clearwater are recorded in board books and should be available to the public. Unfortunately the public does not have the avenue of Freedom of Information legislation to activate an important check and balance in our system of government, this should not be necessary if the public servants serving as directors of Clearwater protected the public’s interest they are ethically required to do.

    It is never too late to right a wrong Directors.

    William Decoursey Layne

    Adrian Maurice King

    Louis St. Elmo Wooddroff

    Margaret E Sivers

    Sonia Carol-Ann Foster

    Junita Thorington-Powlett

    Nancy L Headley

     

    Enter Clearwater to see Clearwater directors listed in the ICIJ – Offshore Leaks Database.

    Related Documents:

    1. Paradise 88 and Clearwater Sold to PHARLICIPLE INC
    2. Request for Offers to Purchase and Develop ‘Paradise Property’

     

  22. David Avatar
    David

    The blogmaster is always amused by some comments however quickly reassured when BU Archive is checked.

  23. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    “respectable” until they get a BIG BRIBE…or some crooked shite minority smile at them and make them think they are friends….ya done know the Slaves..

  24. 555dubstreet Avatar
    555dubstreet

    “You are essentially describing a condition first observed by psychiatrists, industrial psychologists, after the second Great War period.”

    After World War II the next battle for Black Rights Human Rights Fights kicked off such as Mau Mau Warriors and Decolonialisation of Africa India etc

    We are still witnessing the effects of the damage done by White Ghosts

    [That’s why sometimes in context avatars dramatic repeated phrases and complaints are deluded and unfounded]

    We Are Warriors

  25. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Pacha…check out the true definition of FAILURE 101.,,that trickles down into every strata of these failed neocolonial societies…..they have run their course, we keep telling them, writing about it, shouting it from the rooftops….

    ..it’s BROKEN just like them…….but…

    “by Sir Ron Sanders

    So far in this attempt to answer the question, “Has CARICOM reached its limits of regional integration”, it has been established that, after almost 50 years, the regional project has failed to deliver the commitments expected from the 1973 Treaty of Chaguaramas and its Revision in 2001.”

  26. David Avatar
    David

    https://www.instagram.com/p/ChSk1tor2S-/

  27. Pachamama Avatar
    Pachamama

    Waru

    Nothing which happens or don’t, in Barbados or the Caribbean for that matter, has any material affect on the big picture, potential to influence anything, as much as some may feel.

    Keep yuh eyes on the big picture. Forget the constant minutiae, beyond its entertainment value.

    Keep yuh eyes on the big picture.

  28. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Definitely…. Pacha…everything is moving along just fine in the big picture domain…

    am just sorry to have to tell William that they have FAILED SPECTACULARLY at even the minutest things as it pertains to Caricom and the business of individual islands because all they can think about is their TINY POWER and how to consolidate it into corruption……

    i know he had big hopes….but they are the WRONG PEOPLE to carry out anything progressive especially pertaining to Afrikan populations…they just don’t have it and will NEVER KNOW HOW TO IMPLEMENT…..

  29. Enuff Avatar
    Enuff

    David
    Sometimes you’re lil behind or pretend. Lol

  30. 555dubstreet Avatar
    555dubstreet

    Explore the reality of a higher state of consciousness, potentially unlocking your brain to this reality
    Breathe normally and relax
    Relax and breathe normally
    Say in your mind
    Say to yourself
    I am more than my physical body
    because I am more than physical matter
    I deeply desire to expand
    to experience
    to know
    to understand
    to control
    to use
    such greater energies
    and energy systems
    as may be beneficial
    and constructive
    to me and to those near and close to me
    also I deeply desire the help and cooperation
    the assistance the understanding of those individuals
    who’s wisdom development and experience are equal or greater than my own

    From Creation
    From Creation (Dub)

  31. NorthernObserver Avatar
    NorthernObserver

    When you start bad, you usually end bad.
    Sooo….bad start.
    “When the BLP Government came to power in 2018, it presumed that because it had been reported that ANSA Merchant Bank had called the Government guarantee on the Four Seasons project in 2013-14, the Government now owned the property.”

    You mean a person who was heavily involved, Chair of the Rescue Board/team, did not read the Nation nor BU headline the property had been sold? And up until the BLP assumption of power in 2018, he was ignorant of this. Nobody mentioned boo? Hard to believe Avi, real hard.
    xxxxx

    “the new owner was to use this title to find an investor and pay $20m to the Government then”.

    Where did this information come from? What was the $20M? Full value for the land. Didn’t the documents which fell off a truck regarding Pharliciple state an amount. WHO represented CBL in the sale/transfer of it’s sole asset, the property?

    xxxxxxx

    “and how was an asset worth over USD$100m not secured but transferred without consideration by the last administration”

    Now you are posing fair questions. How? Surely the Board of Directors can answer that question. One, was even copied using a gov.bb address in an email in the Radical filings. And her picture appears in the above post on CBL, even though ICIJ links tie her to CBL as Julia and not Juanita.
    xxxxxxx

    I am confused as to all the malicious content being spread. You mean to tell me, we have a PM who isn’t shy of video cameras, and even though she recused herself in the vote, is fully familiar with the matters at hand, and does not address this matter publicly?

    Instead waits for somebody to make it ‘political’ and then her henchfolk come to the rescue.

    And btw, since there are many textbooks, I would research the point at which an asset is written down. The timing and the reasons. It would appear the Aud Gen is lacking information, maybe someone could see his office gets that information?

  32. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Northern…don’t look like ya even had to put in any great effort to debunk the bullshit…

  33. TLSN Avatar
    TLSN

    @ Waru and Co,

    Off message. Check out the music from this product of the plantation system from Martinique. I enjoy classical music, yet I have never heard of this guy.

    https://m.youtube.com/watch?v=CqdmuSC1OLw

  34. David Avatar
    David

    Who are the civil servants who worked covertly to convey ownership of the property to private shadows?

  35. David Avatar
    David

    @Enuff

    What on earth do you mean?

    Many here will agree the blogmaster is not too bright.

  36. Bush Tea Avatar
    Bush Tea

    @ Northern
    Anyone who believes anything that Persaud says now, deserves to be made a fool.
    Bushie recalls VIVIDLY, his constant protestations during the Four Seasons debacle – looking DIRECTLY into the cameras and lying through his teeth….

    @David
    Bushie’s point again.
    This is neither new or revolutionary NEWS.
    Nor is there any really NEW angle.
    So why does it suddenly merit top billing, Town Hall meetings and Social Partnership cohesion?
    It in not like someone has been charged with one of the MANY crimes committed
    ..or even that an official OVERDUE annual report has been released….

    OBVIOUSLY there is some other REAL shiite being smothered….
    Typical Enuff sleight of hand move… LOL

  37. David Avatar
    David

    @Bush Tea

    If the FTC and Intervenors do their jobs why should it matter what outside voices are saying?

  38. BAJE Avatar
    BAJE

    One proposal in early 2012 was that the NIS filled this gap and invested alongside the Inter-American Development Bank. With the IDB’s capital might underpinning the investment, it would be safe for the NIS. But the political noise around the potential NIS investment made the IDB Board nervous. The NIS proposal came about because credit conditions were deteriorating fast, Greece collapsed in 2010 and defaulted in March 2012, Barbados’ economy contracted sharply, and many of the villa owners were struggling and pulling out. Critically, Barbados’ credit rating fell from investment grade to worse than junk. Late in 2012, the IDB said it was no longer comfortable lending US$80m and was more prepared to lend US$50m instead, taking an increasingly hard-to-finance gap and making it bigger. The bridge finance had run out 12 months previously and the entire rescue team was working for nothing but stress which was hard for many families. Some became seriously ill. Admitting failure, I, and the entire Rescue Board, resigned at the end of 2012.

    XXXXXXXXXXXXXXXXXXXXXXXXX

    THIS MAN AVINASH PERSUAD IS AN ADMITTED FAILURE OF THE HIGHEST ORDER BUT STILL EMPLOYED BY MIA MOTTLEY AS A CONSULTANT BECAUSE SHE MADE $1 MILLION FROM THE FAILED JOINT PROJECT THEY PARTICIPATED IN WHILST BLACK TAXPAYERS LEFT HOLDING THE BAG.

    NO WONDER THE 2 X 3 ISLAND CONTINUES TO FAIL AND SINK IN DEEPER DOO DOO.

  39. Bush Tea Avatar
    Bush Tea

    @ David
    Pay Enuff no mind…
    You are a visionary by ANY Bajan standards, and a national treasure to boot.

    Enuff only understands political rhetoric …as dictated by the supreme leader.

    A License – PARTICULARLY an exclusive one, confers significant financial RIGHTS to the licensee.
    Energy is currently undergoing MAJOR changes to bring so far UNTOUCHED local R.E. resources to significant value…. hundreds of millions – even Billions.

    Only a confirmed brass bowl, a Judas on the take, or a mindless political JA can fail to see the SIGNIFICANCE of FIRST having a transparent national discussion on the DETAILS of such licenses….
    …or the efforts to which some despots, with hidden agendas, would go to AVOID such public scrutiny….

    If we had held such a public review BEFORE government engaged in the Four Seasons /Clearwater sage …how many more HUNDREDS of MILLIONS of dollars would have remained in our Treasury and NIS…?

  40. TLSN Avatar
    TLSN

    @ David,

    Your emotional response to the looting of the public NIS funds is not helpful to the suffering Barbados population.

    My response would be to carry out a thorough investigation of the principal government figures and businesses involved in this fraud. We should commence with the Arthur government, followed by the Thompson government who was super ceded by the Stuart government and finally the M.I.A. government.

    Every effort should be made to recover the missing monies. Those politicians and businesses connected to this fraud should be made to return their ill-gotten gain with the addition of compound interest payments. If they lack liquidity to make an express payment they should be ordered to sell their assets.

    Where it is found that a politician or a member of the business community is implicated and found guilty they should be given an immediate jail sentence. No name in Barbados should be above the law.

  41. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Very nice…you wouldn’t….am sure they bent themselves in half to hide who created that beautiful music.

    here is what one commenter said about it….others said they were listening to classical music for over 50 years and never heard of him..

    “Joseph Boulogne had a relatively short musical composing period, from 1771 to 1779, in Paris. This includes 14 violin concertos and 6 operas. Mozart’s first visit to Paris was 1778. Nearly all of Joseph Boulogne’s compositions were written before Mozart’s first visit to Paris. Why has Joseph Boulogne’s name and his contributions to Western European classical music been ignored is a question that begs for an answer. I am no musicologist…….and they all knew! So as Aretha Franklin would say…”Who’s zoomin Who?”

    we never heard of Amelia Bassano either, although for many years, decades, i did hear of this Afrikan female, never got a name, who was the real writer of plays attributed to one Shakespeare whom they said was so illiterate he could not write his own name, so there was no way he could write any plays, but he was the one benefitted, due to that era when they refused to publish any works by Afrikans….so no surprise they hid that classical genius.

    according to what they said, she died in poverty because she did not receive a dime for her work…there is a photo of her available…

    of course the fact checking frauds would say it’s not true…..but in his case, someone made sure it became public.

  42. John A Avatar
    John A

    What a Papi show this all is. Look anyone that waste their time to be a part of this show lack employment.

    This government is in no position to ask us for our views. What they should be telling us is how do they plan to refinance the fund with a BILLION DOLLAR CASH INJECTION. In other words how wunna plan to put the money wunna right off back into the fund that wunna devistate? You all got the cart before the horse here!

    The bajan public did not mash up the NIS, it is wunna divine leaders from both parties that ruin it. So let me hear now from this government how wunna plan to fix it! Yes I say both parties cause SINKYUH force the NIIS to buy billions in worthless government paper and wapax, Mia right off $1billion of the said paper in the debt restructuring. Then to add insult to injury a fellow come talking doodoo that dont worry its no big thing cause its a ” wash!” You take $1 billion dollars of the shareholders money in the fund and burn it and talking bout dont worry! Skippa what you smoking?

    Wait when a boat in rough sea the captain does ask the passengers what they think he should do? Or does the captain call a meeting with the waiters and say “fellows what wunna would do if wunna was me?” This is really making mock sport of we bajans for true!

  43. Bush Tea Avatar
    Bush Tea

    If the FTC and Intervenors do their jobs why should it matter what outside voices are saying?
    ~~~~~~~~~~~~~~~~~~~~~~~~~
    LOL… ha ha ha … Sometimes you reek of naivety Boss.

    What intervenors what?
    That is just intended to be a pappy show – designed to convey to the naive that all is above Board.
    Do you REALLY think that a MULTI BILLION DOLLAR multinational corporation, going after a multi-billion rip off of mindless brass bowls sitting on treasure, … just leave everything up to the ‘cut and thrust’ of some shiite intervenors and an unknown FTC panel?

    LOL, ha ha ha – Murda…
    The FTC ruling would probably have been written for them MONTHS ago …independent of what shiite talk comes from intervenors.
    Why do you think that no less a person than the ENERGY minister cussed some of them so stink? It appears that some of these intervenors may not be fitting into the regular brass bowl pattern…

    Obviously, his Government is already on board the gravy train Boss…
    Much like they were with Four Seasons back at the start…

  44. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    TLSN…don’t hold your breath and try not to waste too much energy on it….that’s what they excel at, draining your energy with their evil.

    they had to reveal themselves at some time, let’s see what the people do about them….

    and thanks for the music….you should read his biography and other information attached, he was a target because of his skin color, and extraordinary genius skills in both classical music and fencing, that brought a lot of hatred and envy and SET UP…to destroy him…so of course they would try to write him out of history….epic fail.

  45. David Avatar
    David

    @Bush Tea

    Wow!

  46. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    “OBVIOUSLY there is some other REAL shiite being smothered….
    Typical Enuff sleight of hand move… LOL”

    evabody know dey trying to hide sumting even SCUMMIER….,..especially wid de cult fowl sniffing around..

    ..but i got a photo of the fowl for the back page of my Kush Quarterly issue come October..

  47. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    I was to say this all day, but things kept getting in the way…

    yall remember after they robbed the CLICO policyholders and Foolish Froon, although he KNEW that many elderly people were destroyed, their savings lost, some died from the grief, their children and grandchildren disenfranchised..

    ..that clown still turned around and blamed the CLICO VICTIMS for being stupid to invest in the CLICO scam…just saying..

    now ya got the J-Series = JUNK scam..

  48. Cuhdear Bajan Avatar
    Cuhdear Bajan

    @African Online Publishing Copyright ⓒ 2022. All Rights Reserved August 15, 2022 11:05 AM “the evil shite they have done for 100 years”

    Don’t forget the evil shyte that was done to the black people of Barbados by your husband’s people between 1627 and 1966. Three hundred and thirty-nine [339] years of shyte is a lot of shyte and not easily cleaned up.

  49. William Skinner Avatar
    William Skinner

    @ David stated:
    “ Who are the civil servants who worked covertly to convey ownership of the property to private shadows?”

    How on earth can civil servants work “ covertly” . Is the tail wagging the dog here.? The government made a decision and the instructions were passed on to the relevant public servants to do their job.
    This statement by @ David is an insult to anybody’s intelligence.
    Why not ask : Who were the civil servants who worked “ covertly” to assist employers with owning $56 million to the NIS.
    Why not ask: Who are the public servants who” covertly” invested the funds into non- performing investments.
    What you wrote there inferring that public servants were involved in “ covert” activity is pure nonsense.
    Shameful .

  50. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    TLSN…going through the video…i did hear some of that concerto when a small child…i remember…too clean not ……

    .the french isles are just a hop skip and jump, and there were some French descents in the household, but we never knew who made that music….

    Cuddear….ya should cut an album and hope ya get paid.

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