Daily Archives: September 28, 2011

Four Seasons Barbados wants your pension money

UPDATED: October 11, 2011

“Dear BFP,

Would you please comment on Finance Minister Sinckler’s insistence that NIS invest millions of our dollars in the Four Seasons project. Is this another CLICO in the making?” (from BFP reader “E”)

BFP says:

Hi “E” We sure will comment on this!

Our Minister of Finance came out yesterday with some very disturbing statements about the Four Seasons project disaster. Minister Sinckler told the press that the “government gives its word” that the project will be completed.

Put down your Coke before reading this or it will go up your nose…

Sinckler was in “full bullshit mode” (pardon our French) and says…

“Massive Returns…”

“Now if the Inter-American Development Bank [IDB] and others with their extensive expertise and expansive due diligence and investment analysis have looked at this project inside out, and have determined that it is a viable project that can bring massive returns to investor and country, why on earth would Barbados want to turn its back on this project?”

Finance Minister Chris Sinckler as quoted in The Nation: Government’s word

For Mr. Sinckler: Lesson 101 – Private sector investment vs. “investing” our tax money

The private sector walked from the Four Seasons “investment” because it is not viable. Now Sinckler and the DLP Government want to “invest” OUR PENSION MONEY in a project that the private sector has abandoned.

NO. Not one more dollar of public money, Mr. Sinckler.

This is an election issue. It might be THE election issue.

Not one more dollar. Mr. Sinckler and Prime Minister Stuart are badly misreading the public on this. We have nothing left to give and I’ll be damned if I will let you place my grandchildren in debt over this.

Name all the investors that our tax money will rescue! How many politicians or close family members are already invested in Four Seasons, Mr. Sinckler? Who are we bailing out?

Not one more dollar of public money. Not one dollar of our pension money.

The line is drawn.

Original story published September 28, 2011…

It’s called the “American Standard” investment!

Mega-project wants a public money bailout with no sure way to assess the future value or success.

“Do any current or previous members of government or their family members have a stake in this project? I want full disclosure before one more dollar of public money is placed at risk.”

Dear Barbados Free Press

The executive chairman of Paradise Beach Limited, Professor Avinash Persaud, wants $80 million of Barbadians’ pension funds to get the “stalled” Four Seasons project going again.

He says the company could go to outsiders for the funds, but as a special favour to Barbados, he’s letting us in on this once-in-a-lifetime opportunity to…

… To pour more public funds into a major project that can’t find private funding in a recession where tourism is tanking? To shore up underground caves that should have been found before the project started? (See Barbados Today Project push for Four Seasons Resort)

That’s quite an opportunity.

The Barbados government on our behalf has already guaranteed a $120 million bank loan on the project and that really made a difference (guffaw, cough, cough). Now they want more or else I suppose we’ll lose our $120 million dollars.

It sounds like that old story where if you owe the bank some money, the bank owns you – but if you owe big money you own the bank.

Only in this case, Paradise Beach Limited owns our pension funds and future. The government is already so far in that big money is already at risk. Continue reading

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42 Comments

Filed under Barbados, Business & Banking, Offshore Investments

Saudi Court orders woman lashed: for driving

Muslim men expect no further trouble from this woman.

Saudi Muslim males experts at keeping women in their place

It’s not enough that Saudi men cut off their daughters’ genitals so they cannot enjoy sex. It’s not enough that women are forced to wear bags over their heads to prevent rape. It’s not enough that women have to have permission from a male family member to venture outside the home.

In Saudi Arabia, rape victims are punished and a woman’s word in court is only worth half of a man’s word. It’s not enough that daughters are by law given less than sons at the time of an estate settlement. It’s not enough that women are denied health care for lack of female medical staff. Let a woman die rather than have a male doctor touch her, that’s the Saudi way.

Those Saudi women must be kept in their place, and one of the ways that Saudi Muslim men do that is to prohibit women from driving. Can’t have women going anywhere they like, when they like, you know. That’s way too radical!

The Saudi laws are all based upon the Koran – and who are we mere infidels to be telling the Saudis how they should treat their women?

Besides… we need the oil so we don’t want to insult them by suggesting that they are doing anything wrong.

And when it comes to what young Barbadian Muslim women are taught in the Al-Falah Islamic School, well, who are we to complain about that either?

Saudi woman to be lashed for driving car

A Saudi woman has been sentenced to to 10 lashes for challenging a ban on women driving. Continue reading

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Filed under Barbados, Human Rights, Religion, Slavery

SAFETY WARNING: Mullins Bay fouled by dirty water, chemicals from JADA construction site.

Blue sky, Caribbean sea… and the filth near shore

Turtles in trouble – swimming in JADA’s swill

Royal Westmoreland Beach Club patrons also exposed

Our friends at Mullins Bay blog are sending out a safety alert after tying to take a sea dip on Tuesday afternoon, September 27, 2011.

Where is the Coastal Zone Management Unit? Where is the Minister of the Environment? Where is Prime Minister Stuart after his fine fine coastal environment speech at the United Nations? Where is former Environment Minister Elizabeth Thompson whose BLP government couldn’t pass an Environmental Protection Act in 15 years of majority government?

Swimming in JADA Construction’s filth

This blogger was taking such a dip in the sea today around noon and all was going swimmingly until I noticed a foul chemical odor in the water and noticed that it had turned milky. I decided that something bad was happening and that I needed to get out of the water as quickly as possible. It was then that I noticed a juvenile turtle sticking its head out of the milky water in the nearshore area as if it were suffocating and/or struggling to to leave the area…

It was only after complaining to relatives visiting from the UK and USA who had gone about two hundred yards up the beach to Mullins that I learned of the source of the discharge – the JADA construction site opposite the Texaco Service Station in Road View, St. Peter. I was swimming in JADA’s swill.

Full story/photos/video at Mullins Bay Blog: Beware of Mullins Beach Area

21 Comments

Filed under Barbados, Barbados Tourism, Environment, Health, Nature