Daily Archives: May 4, 2010

Stanford Ponzi scheme victims looking for love in all the wrong places

“Why is the IMF about to award a $124 million dollars loan to the Government of Antigua, knowing that Antigua was a criminal partner of R. Allen Stanford in the perpetration of the largest pyramidal fraud in history?” questioned Jaime Escalona, leader of the Stanford Victims Coalition (SVC)

“Why help them if its Government has not responded for the $7.2 billion US dollars that were robbed from 27,992 victims distributed among 113 countries? Why do they ridicule us so unmercifully? Why such complicity?”

IMF Rewarding Antigua & Barbuda for Crime?

The International Monetary Fund is about to give a US$124 million loan to the Government of Antigua – and victims of SIR Allen Stanford are calling upon the IMF to stop aiding the government that was his criminal conspirator.

Barbados Free Press is in total sympathy with Stanford’s victims, but we fear that “de fix is in”. The IMF does what it wants to do and it’s not going to allow a few thousand victims of a criminal scheme to upset the house of cards known as the precarious international economy.

Read the sad story at Caribbean 360’s Stanford Investors lash out at IMF

Now let’s compare the Stanford/Antigua losses with the CLICO fraud!

When compared to the CL Financial – CLICO scandal, Sir Allen Stanford looks like a kid who pocketed a sweet without paying.

C.L. Financial’s assets vanished into thin air – $100.7 billion down to $23.9 billion in just 12 months! There were phony shell companies, executives who took bribes to have the company purchase land in Florida for more than its real value and on and on and on.

The CL Financial – CLICO scandal is huge and the people of Barbados deserve better from their news media than they have been getting.

Until the Barbados news media decides that they serve the public interest, Barbados citizens will continue to be kept in the dark about how much of their money went missing, where it went and who profited from their losses.

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Filed under Barbados, Business & Banking, Corruption, Crime & Law, Offshore Investments, Political Corruption, Politics, Politics & Corruption

Canadian company Emera Inc. to buy 38% of Barbados Light & Power Holdings Ltd.

“BLPC is consistently ranked as one of the top-performing electric utilities in the Caribbean for efficiency, performance, and rate structure.”

.. Chris Huskilson, President of Emera Inc.

What will the Emera Inc share purchase mean to ordinary Bajans?

Emera Inc. is a Halifax, Nova Scotia based corporation with it’s main investments and holdings in electricity generation and pipelines in Canada, the USA and the Caribbean.

If you check out their website you’ll see that they also have interests in alternative energy companies including wind farms, hydrogen and tidal power generation.

38% of BLPC is a fair chunk of shares and Emera didn’t purchase them without expecting a good return on the investment. Let’s hope that any increased profit-taking from the pockets of ordinary Bajan consumers will be offset by the increased knowledge and technology that Emera brings to Barbados.

Frankly, if we could be assured that Emera’s participation means that every time we turned on a switch we would receive nice clean power with no computer & TV-killing spikes or surges – then we’re all for the Emera Inc. deal!

Emera Inc. has interests in alternative energy sources including using tidal flows to generate power.

Further Reading

Emera Inc website

Press Release Emera to Acquire a 38% Interest in Light & Power Holdings Ltd.

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Filed under Barbados, Business & Banking, Consumer Issues, Energy, Offshore Investments

Mike Wilkinson passes – 1960 Pic-O-De-Crop with “Dey Coming Up”

Our sincere condolences to the family and friends of Mike Wilkinson: winner of 1960’s Pic-O-De-Crop. Sad to say that we couldn’t find a photo of Michael Wilkinson anywhere online. If someone can send us one we’ll put it up right away.

CaribWorldNews, NEW YORK, NY, Tues. May 4, 2010: A Barbados-born singer who was the first Barbadian to be appointed entertainment coordinator at a hotel on the island has passed away in New York.

Reports indicate that Michael Wilkinson, brother of Richard and Norma Stoute passed away in a Brooklyn hospital Sunday at the age of 74.

Wilkinson was the calypso crown winner in 1960 with the songs `Fat Woman` and `Dey Comin Up.` He moved to New York in the 1980s and continued his career singing in the Church and ministering to people in prison…

… continue reading this article at CaribWorldNews

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Filed under Barbados, Music

Muslim terrorist arrested for New York car bomb. Naturalized American citizen from Pakistan.

US Attorney General Eric Holder announced the capture of the Times Square car bomber early this morning. Unlike the car bomber, Mr. Holder 's family were good immigrants from Barbados who became loyal Americans.

Maybe you were expecting a Pentecostal Minister to be arrested for the Times Square car bomb?

What? You’re not surprised that the person arrested for the Times Square car bomb is a Muslim American citizen from Pakistan, are you? If only 5% of Muslims subscribe to the passages in the Koran that authorize the killing of infidels and the subjugation of the world to Islam – that’s 50 million hard core terrorists and enablers. These hardcore Muslim fascists form the world’s most violent cult and they are spread all over the globe.

“it’s clear that the intent behind this terrorist act was to kill Americans.”

… US Attorney General Eric Holder

You didn’t really believe that the Times Square bomber was a Morman, Baptist or Seventh Day Adventist, did you?

Next up in the mainstream news media: Cue the outraged apologists who will express shock (SHOCK! I tell you!) that another misunderstander of Islam has attempted to do exactly what their holy book instructs all Muslims to do. Cue the articles where “good” Muslims express fear that they will now be subject to scrutiny.

DON’T EXPECT any talk of reformation of the Islamic religion or its holy Koran. Don’t expect any mass-movement from the Islamic communities around the world to deal with the violence, slavery and oppression of women done on behalf of their religion.

From the ABC News blotter…

Pakistan Émigré in Connecticut Arrested as Times Square Bomber

“The man was identified as Faisal Shahzad, a naturalized American citizen, who had recently returned from a five month trip to Pakistan and the city of Peshawar, a known jumping off points for al Qaeda and Taliban recruits.

Shahzad was arrested at Kennedy airport in New York City where FBI agents said he was attempting to leave the country to go to Dubai.

At a press conference early Monday morning, Attorney General Eric Holder said “it’s clear that the intent behind this terrorist act was to kill Americans.” (snip) Federal law enforcement officials said at least three other people close to Shahzad were also under scrutiny in connection with the case.”

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Filed under Barbados, Crime & Law, Culture & Race Issues, Religion