Daily Archives: April 13, 2011

CL Financial – CLICO payouts: Afra Raymond asks on television “Who got payouts first?”


“One rule for one set of people, another rule for another set of people”

Our friend Afra Raymond as interviewed by Fazeer Mohammed on Morning Edition television, March 24, 2011.

No word yet on whether the Colman Commission will grant standing to Afra. If Afra does get standing, he’ll be able to ask questions – and then, look out!

Click on the photo to watch. There’s lots more on the subject at Afra Raymond.com

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Filed under Barbados, Business & Banking, Consumer Issues, Corruption, Trinidad and Tobago

US Federal Aviation Authority slams Barbados – Downgrades safety rating to Category 2, below Nigeria

Bajan veneer of compliance with international standards strikes again.

Our political and business leadership just doesn’t get it. The world has changed and even small countries like ours must comply with proper standards if we wish to have the benefits of international commerce and the respect of the international community.

Lately Barbados has taken it on the chin for failing to comply with international standards concerning tax avoidance, banking, trafficking in persons, insurance and the environment to name a few. Oh, the politicians squealed and puffed about the international politics behind some of the criticism, but the world is fast receiving the message that all is not as advertised ’bout hey in “First World” Barbados.

Now (and timed perfectly with the launch of Bajan air carrier REDjet) the FAA announces that Barbados fails to comply with ICAO safety regulations and downgrades us to Category 2. You know, like Nigeria. (Oh, wait. Nigeria was upgraded to Category 1 in August 2010. Sorry about that, Nigeria! Ok, so we’re in the same category as the Congo or Bangladesh.)

Squeal all you like about the international politics and business competition that might have pushed that decision: but if you can’t show the laws, standards and compliance – you haven’t got a leg to stand on. Oh well, we’re only talking about airlines and aviation safety here. Only our whole tourism based economy. That’s all. Continue reading

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Filed under Aviation, Barbados, Barbados Tourism, Economy