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The ‘noise’ in parliament this week about government’s plan to satisfy a perennial demand for housing generated a feeling a déjà vu. There was a time the opening sentence of the blog would have replaced the word noise with debate. In the form of democracy we proudly practice, Barbados finds itself in an uncomfortable place with no elected member of parliament forming the opposition. What does means for our future democracy is an unfolding story.

In 2024 we have to listen to talking heads from government explaining an idiotic housing strategy of approving large tracts of land to plant concrete. The outcome is that a picturesque landscape of the recent past that use to define what an island paradise should look like is has transformed to a shanty, obsocky looking place through the eyes of many including the blogmaster. Given the current trajectory a future Barbados will eventually morph to a concrete jungle.

The blogmaster is convinced all politicians work to satisfy deep pocket interest always lurking in the shadows. The blogmaster has observed how both political parties have operated over time and there is no different approach to how arable land is allocated to non agricultural use. The result of an idiotic approach is being manifested in inadequate distribution of water, poor public transportation, twenty four seven congestion on the byways and byways to mention a few.

We are operating in dangerous times where to read an interesting article is dismissed by a majority because it is 3000 words, the article must be squeezed into a graphic with 100 words to get traction.

The blogmaster has come to a conclusion our educated people in academia should he held responsible for where we find ourselves. Academia by definition should be percieved by the public as an informed and independent voice. There is little respect for academicians by too many Barbadians.

BLP: More than 1 300 houses built

THE BARBADOS LABOUR PARTY (BLP) GOVERNMENT is not boasting, says Minister of Housing Dwight Sutherland, but it has already constructed more than 1 300 houses in the past three years and more are on stream.

He said it took the Democratic Labour Party ten years to deliver about 1 400.

Sutherland said the BLP’s “ambitious targets” set by Prime Minister Mia Amor Mottley was one of the driving forces behind the thrust to provide homes for Barbadians. She said with more than 20 000 applications for homes, there is a no reason why the target should not 10 000.

“Those of us who have gone to certain places will know, and who have worked for companies, will tell you that all companies set ambitious targets, what we call stretch targets, so that even if we fall short of achieving our target, we would not fall short of satisfying the demands of the housing sector or the demands of whatever sector we are managing within whichever sector it is, whether it is public service or private service,” he said.

Sutherland led debate on a resolution vesting five state lands at Holder’s Hill, St James, identified for housing. He provided a comprehensive update on the projects being undertaken by the Ministry of Housing through the National Housing Corporation (NHC) in collaboration with private sector partners.

At Bullens, St James, Sutherland said there were 28 completed light gauge steel frame houses under the East-West Project already allocated to families and there were foundations for eight more in the form of two quadruplexes, for a total of 36.

In addition to the houses, Bellens will be the site of a children’s homes modelled on the format of the Nightengale home, catering to children age 12 and up. There will also be a small entrepreneurship centre.

Sutherland said overall 81 East-West houses were completed. In addition to the 36 at Bullens, there are 12 each at Haggatt Hall, St Michael and Coconut Hall, St Lucy; as well as 16 each at White Park Road, St Michael and Sargeant’s in Christ Church. There are 22 foundations to yield 27 units and more coming on stream at River Crescent in St Philip and Concordia North to complete the 150.

The Minister said the NHC’s joint venture programme was under way at West Terrace and Durants, St James; Atlantic Breeze, Coverley and St Bartholomew in Christ Church; Brererton, St George and Hanson/ Lower Burney in St Michael to deliver 1 300 homes.

In St James, 35 out of 71 units are being built; 75 units were handed over at Atlantic Breeze, there are 50 houses in various stages of construction in Phase 2 scheduled to finish in January 2025. Phase 3 will start right after for a total of 267.

At Brereton, 43 solutions have started and should be finished by August 2025. Thirty units are to be built at Coverley and 35 at St Bartholomew, while 40 acres have been provided at Lower Burney to ease the densely populated Pinelands, St Michael and surrounding communities.

Construction at Vineyard, St Philip and 45 housing solutions identified at Allen View, St Thomas were both slated to start in 2025 taking the target closer to 1 500. (SAT)

Source: Nation


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65 responses to “Educated but ineffective”


  1. David I think you need to check your spam bucket
    Can’t see my comments posted on this and on the post Barbados struggling for answers which was made one hour ago


  2. @ac

    Not seeing any of your comments in spam.


  3. Ok


  4. When all said and done there are two problems embedded in this issue which all the leaders and talking heads must confront
    One of having enough land for agriculture upon which food must be grown to supply a need for the people
    The other a.need which now seems to reach the point of emergency that which must address housing for the people
    These two issues have reached a cross road of heightened calls for solutions
    With climate change knocking at all backdoors the time for putting these problems off for later would become much harder to solve within future years as small economies have to fight the onslaught of social and economical ramifications brought about by many changes within the climate


  5. Miseducated is right!

    However, why have the webcams in London gone dark from September 03, 2024 until?

    Is another false flag operation aimed at mouse-trapping Trump into an uneducated world war three scenario being planned by MI6 as lapdogs to their cousins from across the pond?

    As the miseducated Devils reach their endpoint they seem to be acting more and more recklessly.

    Our guess too could be miseducated, ill-considered, maybe insane as well, true? However, this and several other indicators seem to point in this general direction.


  6. Educated by whom and what method?


  7. Comprehensive? What about Lancaster/Hope?


  8. And de unfinished homes at pool St. John will they be ever finished


  9. @Hants

    Me of the boys, every man must be fed.


  10. These jackasses for politicians just full with a lot of bogus ignorance thats slowly creating a very hard future for generations. Eventually, we have limited agricultural land and prices for house lots will be outside the reach of the average Bajan.


  11. There is a big difference between ‘educated’ and ‘experienced’

    ‘education’ is about cues and learning

    ‘cues’ are not a complete understanding
    some cues are not fully understood
    some cues are not given

    experience is gained from deeper daily practice
    you will always make mistakes
    you try to avoid failure

    you keep building your foundation of education and experience
    you keep improving
    you keep learning and relearning


  12. With the recovery from the colonial and fake thanksgiving day then will enter the other fake independence, November 30!


  13. “The prime minister also hinted that the statue of British Admiral Horatio Lord Nelson, which was replaced by a homegrown monument to the resilience of the Barbadian family in Heroes Square, will find a home elsewhere on the island. She did not elaborate.”
    barbadostoday

    And you thought the good Admiral had sailed away…. It was just a cruise. He will be back.


  14. Pure comedy in hey!

  15. NorthernObserver Avatar

    Nothing like the comedy that is CAIPO, that is where the real laughs occur.
    6 months ago a Change in Director form was submitted and paid and…..still waiting. Meanwhile in St.Lucia the same was executed and completed in 3 days!!! Now, that’s 🤣🤣🤣


  16. Another joke is that it is taking 2 hours to travel about the country.

    #gridlock


  17. @ Northern

    Why you had to go.and bring up CAIPO for? Every year they hold out their hand for $100 company fee and a 5 page form for you to fill out. The following year 12 months later you go to collect the blasted form that stamped and em aint done yet. Total waste of time they are. Anyhow heard the PM talking bout a new structured CAIPO 2.0 that coming. Hopefully dem will not take 3 years instead of 2 to simply stamp and file something as simple as a corporate annual fee.

    First thing that want doing is making all entities with 3 employees or less and an annual return of under say $300K exempt from this crap, as was done with the need for filing a vat return. Then you might get back you 2024 filing before December 2025. Lol


  18. David
    November 29, 2024 at 3:27 pm
    1 Vote

    Another joke is that it is taking 2 hours to travel about the country.

    #gridlock

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

    GOB smiling!!!!

    The longer vehicles are on the road the more gas they use.

    The more gas they use the more tax is collected.


  19. @ David,
    I see that the government is promoting “We Gatherin’ 2025.” I have not been in Barbados these last two years. Could you please tell me if Barbados demographics have altered radically over these years or does the photo/poster below express the government’s desire to alter Barbados demographics.

    From a slightly bemused occasional BU blogger!!!

    https://www.gov.bb/news_article.php?id=176


  20. @TLSN

    It is a stock photo meant to project all are welcome.


  21. @David November 30, 2024 at 9:38 am “It is a stock photo meant to project all are welcome.”

    A really, really bad “stock” photo.

    As an old black woman, who has contributed 2 black female tax paying children and two black female grandchildren to the population of Barbados, and whose siblings have contributed 22 black people to the diaspora population [and 3 of mixed [“race”] I The government needs to look for a better “stock” photo which better represents Barbados and its diaspora.

    I don’t have anything against “other peoples” but that photo is not a true representation of Barbados or its diaspora.


  22. Just watched the Independence day parade. Black.


  23. PM MIA


  24. “It is a stock photo meant to project all are welcome.”

    You sure bout that Boss?
    Or is this the picture of BB that our politicians see around them, once they are elected?

    Wunna may be distracted by the OTHER, much darker picture that they see when elections are due, ..or when more empty promises need to be deployed at Parish Speaks – when complaints of past broken promises arise..

    LOL
    Whenever Bushie hears about big profits, large government contracts, or top level appointments, that ‘stock photo’ clearly reflects the demographics…

    What a place…


  25. The World After George Floyd and Whites addressing their Racism (being woke)

    It is difficult / impossible to find stock photos of black / happy / people / families

    equality to TV and media means biracial / mixed white & black couples in adverts

    google does not allow searches for ‘black’ people


  26. “BRICS goose may be cooked!!”

    Trump’s clumsy tariffs obsessions are economically illiterate, uneducated, ineffective and are a fool’s game in diplomatic wars. A trade war between 1st and 3rd world is a 1st step towards a 3rd world war.
    His Maga politics are nothing more than alt-right extremism from the net.
    These deluded business strategies will impact US consumer interests and their poorest the most.

    Reaching 20 years ago I bemoaned the Globalisation of US trade, mergers and acquisitions by US businesses taking over corporations and industries around the world as well as outsourcing and automation in manufacturing, where alt-right trolls interpreted this US capitalism and domination of free global trade as harming US interests. It is too late to reverse US Global trade practices of outsourcing manufacturing to 3rd world as they cannot stop global manufacturing by 3rd world business in India and China continuing them.

  27. NorthernObserver Avatar

    Wait Hants
    “For in so doing, I know as our Anthem says, we shall move on with strength and unity.

    We shall not just be strict craftsmen of our heritage, but firm, firm, firm craftsmen of our fate,” she said. (CA) ”

    Like dey change the anthem? I thought it was strict guardians of our heritage.
    Anyways she has a sweet tongue.


  28. Ryan Straugn is published in the media as saying Barbados had a strong economic performance first 6 months of the year. Some will say it depends on the measures used? Underlying the ‘good’ performance is the fact Barbados remains reliant on Tourism with International Business being a complementary sector.

    Business as usual.

    Where is the econmic resilience that was promised during Covid? The question is where are the budding initiatives to make the economy resilient, we know it will take time.


  29. PM Mottley has IMF MD Georgieva on speed dial.
    IMF managing director in for talks

    MANAGING DIRECTOR of the International Monetary Fund (IMF), Kristalina Georgieva, arrived in Barbados yesterday to participate in the Caribbean High-Level Forum on Managing the Energy Transition, a joint initiative with the Government of Barbados and the IMF.

    Georgieva was met at the Grantley Adams International Airport by a high-level delegation, led by Minister of Economic Affairs and Investment, Senator Chad Blackman; Permanent Secretary in the Prime Minister’s Office, The Most Honourable Alies Jordan, and other Government officials.

    The three-day forum, slated to begin tomorrow at the Lloyd Erskine Sandiford Centre, will see Government ministers, regional central bank governors, private sector stakeholders, academics, and members of civil society convene to hear various presentations on the green energy transition.

    Prime Minister Mia Amor Mottley and the IMF managing director will be the main speakers during the opening ceremony tomorrow which starts at 9 a.m.

    Thereafter, there will be presentations and panel discussions covering a range of issues such as Taking Stock Of The Macroeconomic Implications Of The Green Energy Transition, Achieving A Sustainable and Equitable Green Energy Transition, in which Minister in the Ministry of Finance, Ryan Straughn, will be one of the panellists, and Scaling Up Climate Finance – The Potential Of The Private Sector.

    In the afternoon session, Mottley and Georgieva will participate in a panel discussion entitled: How Can The International Community Support The Green Energy Transition? That discussion will begin at 3:40 p.m.

    It is expected that at the end of the forum, Barbados and the region would be in a better position to achieve the various targets set to fully transition and implement the various green initiatives.

    (BGIS)


  30. Use to be part of the BS&T conglomerate.

    Massy’s Barbados profits increase

    THE MASSY GROUP is reporting increased profits and revenue from its Barbados operations.

    In a year when it tallied overall record-breaking revenue and cash flow numbers, Trinidad and Tobago-based Massy Holdings Limited earned $45.6 million in pre-tax profits in Barbados, up from $42.1 million.

    Revenue from the Barbados subsidiaries for the financial year ended September 30 was $733.8 million, an increase over $698.1 million in revenue last year.

    This is detailed in the group’s Audited Consolidated Financial Statements for the 12 months ended September 30.

    In terms of the overall picture, Massy reports that its revenue grew 11 per cent to $4.6 billion, the highest in its history, while cash generated from its operations increased 33 per cent to $324.3 billion, another record.

    Massy’s profit before tax fell by eight per cent to about $324 million, which company officials attributed to “several one-time costs, including adjustments to outstanding customer balances, increased interest expenses from recent acquisitions and investments to build world class governance and capabilities to support the group’s growth ambitions”.

    They said these investments “were critical to preparing Massy for long-term success as a modern, international investment holding company”.

    Massy chief executive officer David Affonso said: “We are building a stronger future. These results not only reaffirm our financial strength, they also reflect our commitment to supporting our employees, the communities we serve, our partners, and our shareholders, all of whom, put a lot of trust in us.”

    Massy chairman Robert Riley said despite the fall in profitability “our financial position remains robust, supported by a strengthened balance sheet and increased financial flexibility to drive disciplined future growth”.

    The group’s business is focused on three portfolios – integrated retail, gas products, and motors and machines.

    Riley said the integrated retail’s third party revenue grew by ten per cent to $3 billion, with profit before tax increasing by six per cent to $206 million. Key drivers of this performance included retail and distribution growth through innovation and operational improvements in core markets “and the success of our acquisition of Rowe’s IGA Supermarkets in the United States”.

    For the gas products portfolio, third party revenue increased by 19 per cent to $638 million, with profit before tax growing by four per cent to $105.8 million, driven by strong performance in Trinidad and Guyana and the impact of the IGL acquisition in Jamaica.

    Motors and machines revenue grew by eight per cent to reach $1.03 billion “but the portfolio realised a decline in PBT by 13 per cent year-overyear to $67.6 million. “Despite economic challenges in Colombia, we are repositioning this business to capture growth opportunities in the coming year,” he said.

    Shareholders are benefiting from the improved financial performance. Massy’s board declared a final dividend of TT13.63 cents per share, bringing the total declared dividend for 2024 to 16.78 cents per share.

    “This represents the largest dividend payment to shareholders in any calendar year in Massy’s history. The milestone reflects the Group’s commitment to striking the right balance between returning value to shareholders and building the financial strength required to support hard currency growth for the future,” the company said, adding that shareholders will be paid dividends every three months from next year. (SC)

    Source: Nation


  31. Pros and cons of green debt swaps

    CAN YOU recall the most recent occasion when someone attempted to coerce you into making a purchase or accept an offer? Alternatively, have you ever sought affirmation to do anything you were considering? Businesses employ various “nudging strategies” to encourage customers to purchase their products quickly. These include reviews of the products, alerts about low stock or limited versions, and messaging explaining how the products can help customers or solve their problems.

    Nudging helps individuals make decisions that may benefit their long-term well-being while protecting their freedom of choice. Foreign sovereign creditors frequently use “green nudging” tactics to push or encourage countries to embrace climatefriendly policies and solve important issues, such as high public debt, energy expenses, and high cost of living.

    The Caribbean appears to be facing all these issues simultaneously. To put it another way, we are witnessing a polycrisis: a situation in which multiple crises, including health, social, public debt, climate, and cost of living, emerge simultaneously and intertwine. The interconnection of these crises, along with the lack of obvious causes or solutions, makes management and resolution challenging. Innovative techniques, such as “green nudging”, can help solve these increased challenges. Unlike traditional public policies, such as mandates, restrictions, taxes, and subsidies, a “green nudge” focuses on altering human behaviour to reduce negative environmental consequences.

    Wealthy countries, such as Japan, France, Germany, and the United States, and others, have developed “green nudges” to assist low- and middle-income countries in reducing emissions and managing extreme weather. The aim is to increase the affordability and appeal of sustainable practices. The international community has used green bonds and debt-for-nature swaps as two major nudges.

    In 2022, the Barbados Government swapped $150 million in international bonds, raising $50 million for marine conservation. Government has unveiled a $600 million loan and grant package to modernise Barbados’ sewerage facilities, which included a debtfor- climate exchange. Debt-for-nature and debt-for-climate swaps, also known as green debt swaps, are agreements in which a creditor waives a portion of a sovereign debt or provides debt relief in exchange for the debtor’s commitment to invest funds in adaptive measures to counteract climate change and biodiversity loss.

    Green debt swaps are part of a larger group of debt conversion initiatives, which includes debtfor- equity plans. Debt conversion is the process of exchanging debt – typically at a large discount – for equity or equivalent domestic currency funds to fund specific projects or programmes.

    Green debt swaps are one of several debt conversion programmes, including debt-for-equity proposals. Debt conversion is the process of swapping debt (usually at a significant discount) for equity or equivalent domestic currency cash to fund specific projects or programmes. The rationale is that an investor puts money into a company with the purpose of converting it to equity later, subject to specific conditions. Convertible debt is popular among start-ups; the issuer will eventually convert the debt into stock.

    How do debt swaps work?

    Debt swaps are often voluntary deals in which a creditor cancels or decreases a country’s government debt in exchange for the debtor’s financial commitment to spend in specified areas, such as health, education, environmental conservation, or climate change. Debt swaps may involve complex third-party groups, such as private sector actors, who may buy some of the debt and then offer to cancel it or offer reduced repayment terms in exchange for the borrowing country allocating funds to an agreed-upon purpose.

    Debt-for-nature swaps may involve buying back debtor countries’ sovereign bonds at a discounted rate, allowing them to pay less interest on their debt. Implying financial losses can occur for domestic creditors relative to the original agreement. This implies that domestic creditors will receive less money than initially promised. The Barbados agreement includes domestic commercial debt swaps. A commercial bank may be required to sell and repurchase debt on secondary markets at reduced rates.

    Investors, especially those with credit ratings below AAA, may be willing to participate despite the potential financial losses for domestic creditors, as they fear incurring larger losses if they do not. The debt buyback helps the debtor government avoid default by redirecting a portion of the money into grants, bonds, or cash for pre-agreed investments in conservation initiatives or environmental policy implementation.

    How will it influence the country?

    The need to exchange debt for climate goals sounds ideal but there are a few challenges to overcome. The goal should be to provide the country with the budgetary space it requires to handle the country’s various issues, which include debt, climatic and environmental crises, employment, cost of living, and so on. Granting debt relief is akin to providing budget help in that it frees up additional funds, but lengthy negotiation processes may cause the debt-for-nature exchanges to be costly. Swaps typically involve financially troubled countries struggling to repay loans; therefore, delays in increasing operating costs can negatively impact budgetary balances. Furthermore, the funds do not always go where the greatest need is.

    Countries cannot achieve the intended impact of exchange when the necessary economic conditions are not present. Concrete solutions that provide growth prospects, technological innovation, longterm investment, and a dynamic private sector are essential to impact change. Governments must ensure that the country, given its current economic situation, can accomplish the desired outcomes of the debt exchange.

    Debt exchange arrangements have the potential to negatively impact recipient sovereign countries. The potential reduction in the country’s creditworthiness is a matter of concern. The determining factor, however, is whether the country is experiencing financial difficulties, such as liquidity problems or meeting debt service payments. Moreover, if a country lacks the necessary expertise to deliver essential services and technology to solve climate change, its efforts would be undermined. In some instances, countries must acquire resources from vendors who expect large payments. In these circumstances, other countries, particularly rich ones, will benefit at the expense of debt-ridden countries.

    Barbados will not only reduce some of its domestic and international debt while reaping environmental and economic benefits from green debt swaps, but the agreement has the potential to help Barbadian businesses invest in renewable energy and conservation sectors, as well as create jobs in green energy, climate-resilient infrastructure, ecotourism, and environmental conservation.

    Barbados should establish a conservation or environmental trust fund to manage the earnings from the swaps.

    The objective of “green nudging” is not to restrict choice but to provide gentle persuasions that allow countries to modify their architecture to support sustainable development and to keep creditors from weakening the debtor countries by diverting resources that may help free up the budget.

    Creditors should prioritise offering a combination of grants and loans as their primary strategy to alleviate countries’ burdens.

    Dr Ankie Scott-Joseph, a lecturer at the University of the West Indies, Cave Hill Campus, is an economist and public debt management specialist. Email: ankie.scott-joseph@cavehill.uwi.edu

    Source: Nation


  32. Good morning Boss

    If you REALLY want to understand the dilemma that we are facing, have a read of Carlo Cipolla’ Laws of Stupidty.
    EVERYTHING bout here becomes much clearer, and you will immediately grasp the concept of ‘brassbowlery’

    Cipolla was a professor at UCLA back in the ‘70s.

    https://youtu.be/TGr8bMTSD4s

  33. William Skinner Avatar

    We have not learnt what marketing means. We are daily fed a diet of the most obnoxious ads, that infer we are just comedians. We pay little attention to presentation or content. We claim that we are part of the global village and can pontificate at length about a multitude of world affairs but we still have basic problems with messaging.


  34. I read Dr Ankie Scott-Joseph piece and will have to read it gain. I tried to zero in on how these swaps will affect Barbados and that is not immediately clear to me.

    For example
    “Barbados will not only reduce some of its domestic and international debt while reaping environmental and economic benefits from green debt swaps, but the agreement has the potential to help Barbadian businesses invest in renewable energy and conservation sectors, as well as create jobs in green energy, climate-resilient infrastructure, ecotourism, and environmental conservation.

    Barbados should establish a conservation or environmental trust fund to manage the earnings from the swaps”

    The paragraphs sounds good, but I want to know the environmental benefit that Barbados will reap. Who will reap the sweets, if any, of the renewal energy and conservation sectors? When Barbados invest in renewable energy will this be a nationwide benefit or just a select few?

    Sometime I get the impression that we have mastered the buzz words, reciting the ‘in’ phrases, that we are on the same treadmill as others and that is all there is to it Mainly smoke and mirrors.

    I am listening, break it down for me.

  35. NorthernObserver Avatar

    Wondering what DJT has planned for all these mult/bi lateral bodies heavily funded by USA.
    Given his other recent moves, it hard to envision the likes of IMF, World Bank etc not being targeted.


  36. To whom it May Concern,

    🤡

    Yes, I mean you. You know who you are.


  37. 😃
    Funny…
    Listening…


  38. Sometime I get the impression that we have mastered the buzz words, reciting the ‘in’ phrases, that we are on the same treadmill as others and that is all there is to it Mainly smoke and mirrors.
    ~~~~~~~~
    @OG
    Are you suggesting that attempts are being made to baffle your brain ?
    LOL
    ha ha ha

  39. NorthernObserver Avatar

    @Bushie
    I have it upon good advisement, that another of one of your favourite homegrown Bajan firms is about to go down.
    This one is a rather unique solution, not unlike debt swaps. The equity will remain but traded from an operations entity to an investment entity, where that investment will be in more investment type funds. Derisking? Getting dividends in Fx? The Trinis aren’t behind it, but they sniffing.


  40. @ NO
    If Bushie was not already rich as shiite, the bushman would make you an offer that you would find hard to refuse, – to come back home and bring some common sense back to the place…
    Brassbados is like a wounded animal with all the predators around rushing in for a meal. Meanwhile, all we crave is a good fete, an all night lime, and a good wuk up….

    LOL
    The biggest joke is how our leaders keep telling us what a good place we are in…. never mind the pains we feel from the various bites…
    We Gatherin…

    What a thing to be so blinded that we WILL NOT see..
    What a place


  41. PM MIA

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