Daily Archives: September 22, 2009

Conflicts of Interest and Sinister Secrecy Continue in CLICO Scandal

Update: March 2, 2010

This article was originally published by us on September 22, 2009. In light of Afra Raymond’s excellent article published by BFP on March 1, 2010 CL Financial & CLICO Bailout – The Mystery of the Missing Billions we thought our readers might want to give further consideration to the conflicts of interest by Barbados Prime Minister Thompson in relation to the CLICO scandal and bailout. We’ll repost this article at the top of the blog for a day or two.

Here is our original Sept. 22, 2009 article…

Barbados Insurance Industry executives finally sound public alarm about Prime Minister Thompson’s friendship with Leroy Parris

As CLICO's lawyer, PM Thompson helped to build the house of cards

As CLICO's lawyer, PM Thompson helped Leroy Parris build the house of cards

The Prime Minister of Barbados has a long-standing conflict of interest between his duty to the public and his close friendship with CLICO Barbados executive Leroy Parris. Mr. Thompson has addressed the conflict essentially by saying that Parris is his longtime friend and anyone who has a problem with that can pound salt. In other words, the public can “piss off”.

Sorry about the language friends, but I wanted you to be clear on the Prime Minister’s simple message when the fancy words are stripped away. Make no mistake, Barbados citizens have been told to “piss off” when it comes to mentioning David Thompson’s conflict of interest.

Now some insurance industry executives are finally speaking out. (source article at end of page)

Thompson’s Conflict of Interest with CLICO goes far deeper than his friendship with Leroy Parris

If the conflict was only friendship, it would be bad enough – but it is much worse than that…

Consider this about Prime Minister Thompson’s conflict of interest over CLICO…

Thompson used to be CLICO’s lawyer – at a time when the company illegally failed to file financial statements!

Continue reading

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Filed under Barbados, Business, Corruption, Offshore Investments

Norman Borlaug is dead – I should have known who he was.

Norman Borlaug saved between 200 million and 1 billion people, depending on the math.

Norman Borlaug saved between 200 million and 1 billion people, depending on the math.

Our thanks to BFP reader Throckmorton for posting the link to this story as a comment.

From the Globe and Mail Blogs by Andrew Steele…

The death of the greatest human being who ever lived

by Andrew Steele

Norman Borlaug is dead.

That probably means nothing to most people.

But Borlaug – along with other researchers who create the Green Revolution in food production – saved between two hundred million people and one billion people, depending on how you do the math.

Norman Borlaug spent decades with the Rockefeller Foundation in Mexico cross-breeding grain varieties to produce a new disease-resistant dwarf strain of wheat that transformed agriculture, especially in the third world.

Previously, nations from Turkey to Mexico to India were rocked regularly by crop failures. Too much or too little rain, heat or cold could plunge entire nations into famine, war or revolution.

In the 1960’s, Borlaug introduced new strains that absorbed more nitrogen and thus grew faster. Previously, plants that grew faster just fell over and rotted, but Borlaug cross bred them with shorter “dwarf” plants with hardy thick stalks that could stand up to high nitrogen absorption. The result was fast-growing, disease-resistant plants perfect for unstable climates. He also introduced backcrossing techniques that increased their disease resistance through selective breeding.

Most importantly, he was focused on using these techniques specifically to alleviate starvation in the developing world. His goal was always to attack famine, not merely to improve margins in agribusiness.

His impact was immediate and dramatic.

When his seeds were used widely in 1963, Mexico instantly went from famine-prone to a wheat-exporter. Their wheat harvest was six times greater after Borlaug was done than before he started his work. Imagine the compromised stability of Canada and the United States if Mexico were still endured regular famines threatening the lives of millions.

Borlaug’s seeds arrived on the sub-continent in 1965 as it was roiling through famine and war. Within five years, the previously starving Pakistan was self-sufficient for grains. India would be self-sufficient within a decade. The two nations were transformed. It is impossible to conceive of the great leaps of Mumbai and Kolkata in an India still experiencing regular famine. Consider the reception of the Taliban in Northern Pakistan if the government could not prevent famine in that region. Food security is a huge contributor to world peace.

… continue reading this article at the Globe and Mail blogs: The death of the greatest human being who ever lived

… Read Borlaug’s biography at Nobelprize.org: Norman Borlaug, The Nobel Peace Prize 1970

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Filed under Agriculture, Barbados