Leroy Parris and good friend Finance Minister Chris Sinckler (left) share champagne
Robbing the future? Kiss your pension goodbye?
Robbing Peter to pay Paul? Juggling accounts because there’s precious little left in the treasury? All of the above?
The headline pretty well says it all – we’re broke!
Dismissed Transport Board workers are getting every cent of their long overdue severance pay, thanks to Minister of Finance Chris Sinckler.
Very reliable sources have revealed that the cash-strapped statutory corporation that provides islandwide public transport services had, through the Ministry of Transport and Works (MTW), sought the assistance of the National Insurance Scheme (NIS) to meet its obligations to retrenched workers.
… read the full story in The Nation Pay Day at Last
by Nevermind Kurt
Early Wednesday morning a Canadian devout Muslim named Michael Zehaf-Bibeau murdered an unarmed soldier standing guard at the war memorial in Canada’s capital city of Ottawa. Zehaf-Bibeau then stormed Parliament with a firearm where thirty or forty shots were fired between the terrorist and security personnel. The Sergeant at Arms, an older gentleman in a largely ceremonial position, shot and killed the Muslim terrorist with a pistol.
Initial news reports claimed that the terrorist was a ‘recent convert’, but it is now emerging that Zehaf-Bibeau had been a Muslim for years and may also hold Libyan citizenship. Police say his father is an immigrant to Canada from Libya, who returned to his native country in 2011 to wage Jihad war.
You can clearly hear the terrorist shouting “Allah Akbar” in a video made during the shooting inside Parliament.
The attack came only two days after a Jihad attack in Quebec where another devout Muslim ran down two Canadian soldiers in a shopping mall parking lot. One soldier died in that attack and the Muslim terrorist was shot to death after crashing his car and coming at police with a knife.
Barbados not immune to Sudden Jihad Syndrome
Like a drunk going back to buy another bottle
Let me try to figure this out. It might take time because even though I went to univercity of de West Indys on guvment money, I’m not the sharpest pencil in the box, I know. Them univercity teashurs let me in to be fair and inclusive and I didn’t have to pay a dollar. Different now though because for some reason the guvment ran outta money for univercity. They should just borrow more and pay it off with other money they borrow.
Also I don’t know too much about guvment financing or stuff like that. I got fired before from Uncle’s store becuase I couldn’t make no good change for peoples. He said for every hour I worked for him on cash it cost him twenty dollars in misteaks.
Wuhloss! I was just doing the best I could but it weren’t no good. Uncle said I shoulda been a politician cause my mathematical skill set and handling of cash was just about like a politician.
I doan know ’bout that buy I know the guvment ministers know alot more about finanshul stuff than I do. So I’m gonna use science-tiffic raisoning to try to figure it.
The Barbados Advocate paper say “GOVERNMENT will today be seeking Parliamentary approval to borrow $35 million from the Republic Bank (Barbados) Limited.”
Okay. Got that. Now why are we borrowing all this $35 million dollars?
The paper say, “According to the Resolution, the money is being sought to repay a $35 million line of credit.”
Okay. Got that. We is borrowing this $35 million to pay off another $35 million that we borrowed before. I guess we filled up or tapped out that line of credit over time and didn’t pay any of it off. I guess we just paid the interest as we went along. I guess. Or maybe there was another loan we took out to pay the interest. The guvment probably does that so the peoples can’t marry up payments and interest charges with specific loans. Or somethin. Continue reading
Excellent Barbados photos on Eric’s blog!
“Everyone is very friendly and accommodating to tourists. Importantly, the folks from Barbados I’ve met on this trip are very passionate about their home country and you get this true sense of patriotism, an identity with a land that generations have called home in good times and in bad. As far as safety and security I feel comfortable walking about, taking the bus and enjoying as much as Barbados has to offer. My hope is that other people will want to have some of these experiences for themselves.”
Read 8 days in Barbados on Eric North’s Stuff I’ve done on Trips blog.
Hey… thank you Eric!
“That’s quite a team!
With quite a track record: ruined lives, pensions destroyed, homes lost. Suicides. Marriage breakups. Families falling apart as the work of a lifetime vanishes.”
The Ames Gang rides again…
These guys just won’t quit.
Last March saw Harlequin’s Matthew Ames jailed for 40 months for his Forestry for Life fraud that took £1.6million from investors. Ames stole from the rich, from the poor, from widows and pipefitters.
Matt Ames was an equal opportunity swindler who dressed well and talked with such easy confidence that people immediately trusted him. And, hey… didn’t his family develop the acclaimed Harlequin Resorts? Yeah… shouldn’t be any problem with investing in Forestry For Life. Even James Middleton was in the picture! (Oh… you don’t know James? Ah… you might be more familiar with his sister Kate and brother-in-law William: as in “our future King and Queen”.)
One of Matt Ames’ colleagues at Forestry for Life was Kevin Neil – then on the rebound from seeing the High Court shut down his two property firms in the public interest – Agri Ventura PLC and Farm Venture Ltd. Neil was also the main figure in the CleanTech NRG financial collapse.
Three of Kevin Neil’s CleanTech victims. Despite all Mr. Neil’s current directorships and past failed companies, we couldn’t find a photo of Mr. Neil. Can anyone assist?
The Mirror UK called Neil’s business a “Landbanking scam” and reported… Continue reading
UK long-stay visitors up, airline fuel prices down…
This has possibilities for recovery
Adrian Loveridge – tourism expert, hotel owner
A quoted 8 per cent increase in long stay visitors from the UK over the same period last year is very encouraging news. As often highlighted, it’s not just about the numbers, but the fact that the average British visitor stays longer and spends more, which is an equally important factor.
But with good news, it is often accompanied by bad and in this case the fall of the value of Sterling against the US Dollar resulting in Barbados again being perceived as a higher cost destination.
What could be the saving grace is the four year low price of oil and the effects that may have when it filters through to energy prices including electricity, water, distribution and airfares.
How long Government will take to positively respond to the dramatic fall will send a very important message to the industry.
For an obviously cash-strapped administration it’s a two edge sword. Lower fuel prices means less VAT collection, but if we are able to maintain a prolonged recovery in arrival numbers then this should be largely mitigated.
re-Discover Dining programme doing well
The 24 restaurants currently participating in the re-DISCOVER dine-around programme will soon have to make the decision whether to continue the initiative through the winter. There is no doubt in my mind that our visitors and locals alike are increasingly looking for value-for-money. No one can also reasonably question that it has galvanized more people to eat out. Continue reading
Okay, Okay… Indar Weir isn’t really a typewriter salesman – he is the President of the Travel Agents Association of Barbados and operates the Indar Weir Travel Centre. Indar and his industry are hurting badly because Bajans are booking their flights and vacation accommodations online – by themselves – and without a travel agent between the customer and the keyboard.
Barbados travel agents are pleading with Bajans to use their services instead of booking online “to save jobs and keep money in the country.”
In my little corner of this rock, charity will have to begin at home. I am not willing to pay the extra fee for something I can do myself online, after Google searching the millions of vacation options on the internet.
As much as I feel sorry for Indar and his colleagues, the writing was on the wall ten years ago. Mr. Weir and his colleagues tried to adapt, but were pushed out by the large online travel agencies. The travel agents’ plea in the latest Nation reminds me of the Luddites – who protested against newly developed labour-replacing machinery in the first quarter of the 1800’s.
Now that the Bajan economy is in melt-down with the government continually late delivering paycheques to employees, contractors and suppliers, most folks don’t have money to travel. Thousands are taking that “stay-cation” called unemployment after being made redundant.
Booking online is cheaper, easier, faster and offers more choices than any local travel agent. Sorry, but the world changed, and I will no longer be taking the afternoon off to pick-up my tickets from the travel agency.