Submitted by William Skinner
Governor Delisle Worrell (l) CJ Marston Gibson (r)
Anybody remotely acquainted with Dr. Delisle Worrell, the distinguished governor of our central bank, would not be surprised that he is now being judged on such unimportant matters as to how he dresses and what he parades in during the Festival of Flesh that was once Crop Over.
First, let me state without apology, that both Dr. Worrell and our new Chief Justice Mr. Marston Gibson, represent a breath of fresh air blowing through the corridors of snobbery and intellectual arrogance, that passes as brilliance in our country. It is obvious, that neither of these two obviously brilliant minds have caught the eye of those intellectual frauds that masquerade about here as if this country is their exclusive academic playground. Lord Nelson will turn into Bussa ,and vice versa, before the likes of an Owen Arthur or his willing side kick, Clyde Mascoll succeeds in turning Dr .Worrell into” an economist of Lilliputian status”. Anybody, who has taken five minutes to research Dr. Worrell’s work, will know that neither of these two gentlemen is held in the esteem that comes close to the good Governor’s standing in intellectual circles. It simply does not merit any serious discussion.
We have long held Bishops, Chief Justices and Governors of the central bank in such high regard, that we sometimes forget that they are accountable to the people. And that in the case of Governors of Central Banks and Chief Justices, we are the ones who pay them, and pay them very well, taking into consideration our meagre resources. The same can be said of Commissioners of Police and other powerful professionals. By all means we must respect the office but don’t allow them to believe and act as if they should not or cannot be touched.
Submitted by islandgal
Government buildings in Holetown in bad state of repair
I was recently in Holetown the “Tourist Capital” to pay my land taxes. As I arrived I looked around and couldn’t help noticing how run down and shabby the place was looking. Now Holetown is the place our founding fathers landed. The buildings that house the Land Tax department, the Police Station and the Magistrates Courts are a disgrace to Barbados. The car park had litter strewn around, the overgrown landscape needed attention and the buildings badly needed a paint job. Something caught my eye on a wall, as I looked closer there there were electrical boxes and outlets open to the elements with one dangling from wires. Doesn’t this property have a custodian? Why is this building is such a state? It occupies prime real estate and this is how it is maintained?
If government cannot maintain their properties why don’t they let the private sector step in? Think about how many jobs or businesses that will be created? Who is in charge of maintenance of government buildings and grounds? I noticed a pile of sand outside a closed door. I thought that some concrete work was being done only to look closer and see that they were once sand bags, put there to prevent water from flooding the building. The bags had deteriorated over time and now all that is left is a pile of sand. It is clear that government cannot maintain and protect our infrastructure. If our infrastructure cannot be properly maintained how can they maintain Barbados’ investments? Why can’t they get it right?
View pictures of the sorry tale: Continue reading
Photo Credit: Daily Mail
In the last six years, Air Passenger Duty (APD) – the paid by airlines for each passenger departing a UK airport – has risen more than 300 per cent on many routes – while inflation has increased barely 20 per cent.
This level of increase has no justification and no international parallel. Yet the UK Government has firm plans to keep on raising APD every year to 2017. This tax also acts as a brake on growth and jobs for the whole economy by making it more difficult for businesses to reach new markets, and making the UK less attractive to overseas visitors.
How can you help?
Adrian Loveridge – Hotel Owner
As the current Minister of Tourism so rightly, when recently reminding us that Niche Markets play an absolutely critical role in our overall tourism industry. And protecting these special interest areas is fundamental to the sector’s long term survival and development.
Just about ten years ago, a prominent local businessman, persuaded Britain’s largest tour operator specialising in walking tours to consider including Barbados in their programme. A week or so later, the chief executive officer and his wife were on a plane and we had the pleasure to host them and personally escort the couple on a number of island walks. Frankly at that stage, I had neither the confidence or knowledge to even consider acting as a walk leader, and I will be eternally grateful to the late Dr. Colin Hudson for his invaluable assistance in ensuring that the itinerary was attractive from a clients point of view and practically operational.
Next year, multi award winning HF Holidays will celebrate a century in business and still operate to Barbados, which became one of its best selling worldwide destinations. During our decade, while accommodating their customers, some returned up to seven times. Quite a remarkable accolade, especially when you view the choice of destinations they offer. That success led to the company’s biggest competitor, Ramblers, also including Barbados in their offerings together with a number of walking clubs in North America.
Submitted by Ping Pong (as a comment)
Hon Ronald Jones, Minister of Education
Two recent news items have caused me to ponder on the future of young Barbadians. The first is the Minister of Education’s musing that future scholarship winners may not be bonded to return and work in Barbados on completion of their studies. Is this tacit acknowledgement that Barbados may not be reasonably able to employ these graduates? The second item of news is the reported level of indebtedness of Barbados to UWI. Apparently, jobs as well as student admissions are threatened.
While we enjoy the charade that is the Alexandra inquiry and pontificate on the definition of education etc, is it unreasonable to worry that the future development and employment prospects of our young people is growing dim? It appears that as the CSME experiment has been shelved (or was still born) I must ask what other plans are there to expand the opportunities of our many well certified graduates?
Compiled by the Department of Management Studies, UWI Cave Hill – Click image to read in PDF
Losses on Retail and Distribution stocks resulted in the CSX 30 ending the week of August 24 lower, and the misery on the Junior Market increased further. For the week 14,152,805 valued at $2,828,445 crossed the floors of the six stock exchanges across Caricom, with 22 stocks advancing, 60 declining and 42 remaining unchanged. Sagicor Life was the volume leader with 6,282,718 shares being traded, Gleaner posted the largest gain for the week (9.26%), while on the losing end, Pulse fell (21.47%).
For the week, eleven of the CSX 30 stocks advanced, thirteen declined and six were unchanged. The CSX 30 lost 1.13 points to close the week at 1,352.05, up 2.82% year to date. In the CSX 30 there were gains for Gleaner (9.26%), Guardian Holdings (2.54%), Desnoe & Geddes (2.45%), Caribbean Cement (1.93%) and NCB Jamaica (1.29%). On the losing end Grace Kennedy (6.58%), CW Jamaica (4.40%), Scotia Group Jamaica (3.63%), Carreras (3.59%) and Sagicor (1.26%).
Read full report
Deputy Principal Beverley Neblett-Lashley (l) Commissioner Frederick Waterman (c) Former Secretary Merlene Sealey (r) – the two women at the centre of the ‘transcript affair’.
On August 25, 2012 BU family member, the venerable Yardbroom, a posted the following comment:
“Reports are that Mr. Vernon Smith QC “RECALLED” Alexandra’s Deputy Principal Beverley Neblett-Lashley and Former Secretary Merlene Sealey to give evidence again before the COI. It is alleged after which “Smith, who questioned the deputy Principal and former secretary, then submitted that there was no evidence before the Commission proving that the allegations against Broomes were true.”
Do you know what questions were asked of them and what their responses were?”
BU tapped its legal resources for an answer and the following is what has been reported to us.
On the wings of love…
Now faith is the assurance of things hoped for, the conviction of things not seen.
Many of you have been asking about Terence Blackett who up to a few months ago was a prolific contributor to BU. He along with Zoe and Georgie Porgie were part of a formidable triumvirate who – with pride- used this forum to defend their faith based doctrines.
BU has learned of the tragedy which the Blackett family has recently experienced. The BU household extends our deepest condolences to the Blackett family and entreat Terence and his wife to keep the faith despite the testing circumstances.
Out of respect for Terence and his wife we have deliberately withheld intimate details about the tragedy. If it is his will he can share with the BU family.
Terence if you find the time listen to this song which encapsulates what we are unable to cobble together in words.
Dr. DeLisle Worrell, Governor of the Central Bank of Barbados
Dr. DeLisle Worrell will go down in history as one of the most visible and controversial Governors of the Central Bank of Barbados. He is certainly not a Kurleigh King, Calvin Springer or Winston Cox, perhaps closer to a Dr. Courtney Blackman.
Some Barbadians have become concerned by what appears to be virulent attacks directed at Worrell coming by the Barbados Labour Party (BLP). Attacks led by Arthur and Mascoll, which have reduced Worrell to an economist of lilliputian status. That Arthur, Mascoll et al would be so harsh about one of their own merits scrutiny. Bear in mind the Central Bank of Barbados has always been regarded as a respectable institution.
In the same way many believe governments managing world economies at this juncture in history are unfortunate so too Governors of Central Banks. All have to agree that the unprecedented challenges posed by the protracted global economic slowdown mean that modalities in boom times are not relevant at this time. It is in this context that we have to debate and evaluate the economic outpourings from Dr. Worrell since his appointment in 2009.
Posted in Blogging
Tagged Bajan News, Banking, Barbados, Barbados Economy, Calvin Springer, Central Bank of Barbados, Clyde Mascoll, Delisle Worell, Kurleigh King, Local Politics, Owen Arthur, Winston Cox
Submitted by Hamilton Hill
Pedro Stanford, Chairman of the Transport Board and Sandra Forde, GM
While listening to Sagicor’s Early Business Report on VOB some morning this past week I was startled by the news that the authorities in Jamaica had brought charges against three persons in that country for corruption. A business man, a police officer and a member of parliament–yes a sitting MP. According to the report this all came about through a traffic ticket, and a subsequent attempt to have it disappear. BARBADOS ARE YOU TAKING NOTE? This is what integrity legislation when enforced can do.
In an effort to breathe life into a transportation system that has long been a victim of political cronyism on both sides of the fence, government has again turned to its perennial cash cow better known as the NIS, and we who could very well end up on the short end of this deal have no voice as to whether or not it should be done. Why don’t we? The planks of protection embedded in Integrity Legislation are not in place. If there were this board would not have been made to operate in a climate where its failure is and has always been a foregone conclusion—where it pandered to its competition by way of the sale of its more lucrative routes, often times to friends and even family members of those in control of its very purse strings. Surely we can all remember the mini busses that covered the St.George area. Day and night they were packed to capacity, while the transport board’s were empty. For the most part they were owned by one person. One well connected person.
At a time when banks in Europe, the US, Japan and Britain are imploding and every jurisdiction is enforcing legal requirements on financial institutions, the authorities in Barbados have come up with a wonderful idea of a voluntary code – see Feedback Invited On Draft Banking Code Of Conduct. It is interesting that many of the features of this draft code are similar to those of the now abandoned British banking code, which too was voluntary until November 2009.
Paragraph 2.4 of the draft is of no use for a large number of people in Barbados who do not have access to the internet.
Paragraph 3.2, on unfair contract terms should be a legal requirement, not a voluntary one. The second section of the above paragraph reads: “Financial institutions will also ensure that employees and agents who are authorised to give advice on the financial services offered are properly trained to competently, knowledgeably, efficiently and accurately render such service.” These basic requirements should be legally compulsory on every count. First, agents and employees are working on behalf of the financial institution, not of the customer, and in the case of the agent the form of remuneration is just as important. If s/he is being remunerated by commission, then the sale is more important than advising the customer on his or her consumer rights or even if the product is the right one for them.
Submitted by Harry
I would like to pose the question to SIMPSON MOTORS [SHELL], MCENEARNEY, NISSAN and all car importers and the government of Barbados. Why are we not encouraging the importation of cars such as these?
Barbados will host this year’s XV Inter-American Microenterprise Forum (Foromic 2012) from October 1 to 3, marking the first time ever that the event will be held in an English-speaking Caribbean country. More than 1,000 participants are expected to attend Foromic, which this year will focus on innovative ways to unlock entrepreneurship.
The news that Barbados will host this major event is good news. Up to now entrepreneurship has been a buzz word with little evidence that it has taken root in Barbados. We wish the organizers success and hope the stated objectives are achieved. Given the shift in the global economy post 2008 it must be evident that a vibrant culture of entrepreneurship will have to increase the contribution it is making to the local economy.
It is not widely known that the government of Barbados has contracted a consultant by the name of Andrew Senior to advise on the building out of the mooted ‘Cultural Industry’. Reasonable people appreciate the complexity of growing a culture industry, and the decision by Minister Stephen Lashley and the National Cultural Foundation (NCF) to request technical assistance from UNESCO and the EU by contracting Senior seems reasonable; on the surface.
Posted in Blogging
Tagged Andrew Senior, Andrew Senior Associates Ltd, Bajan News, Barbados, Barbados Government, Blogging, Cultural, Cultural and Creative Industry, Felipe Buitrago, KIVA, National Cultural Foundation, NCF, Stephen Lashley