Monthly Archives: December 2011

Happy New Year 2012

Happy New Year 2012

Have you remembered to say a pray
Amidst the troubles of the day
Praising our Saviour for your health
Putting this before pursuits of wealth
Your health is His Blessings bestowed on you

Not mere chance, luck or a fate you drew
Exalt Him dear friend for the grace of life
When even your days seem bombarded with strife

You are Blessed with His gift so use it wisely
Enjoy each day, eat, drink and be merry
A time might come when joy turns to sorrow
Remember His promises will come through tomorrow!



Filed under Barbados

Did former T&T Finance Minister break her oath over CLICO insider trading?

CL Financial bailout – Swearing an Oath

by Afra Raymond

The former Trinidad and Tobago Minister of Finance, Karen Nunez-Tesheira (photo above), is once again in the news, due to her dispute with the Integrity Commission as well as her expected testimony at the next session of the Colman Commission.

The former Minister has had to defend against allegations of insider trading related to her early withdrawals from CLICO Investment Bank (CIB). There was a lengthy address to the Parliament on Wednesday 4th February 2009. The March 2009 revelation in the Guardian newspaper, that Nunez-Tesheira was a CL Financial shareholder was also the cause of further defensive statements (PDF) to Parliament on 27th March 2009. In the first wave of defense, there was silence as to the fact of Nunez-Tesheira’s shareholdings in CLF.

In November, her attorney attempted to challenge my position on this at the Colman Commission, but I maintained that ‘If the genuine attempt was to address the perception of corruption in a forthright fashion, all the information should have been given’.

In the second wave of defense, there was no mention of the fact that the insolvent CL Financial group paid a dividend to its shareholders after writing that fateful letter to the Central Bank for financial assistance. Again, through the unfolding scandal we are witness to responsible officials who chose to be selective in making the required full and frank disclosure.  All to the detriment of the tax payer.

Those attempts to defend against the allegations were only partially successful, since there is little doubt that Nunez-Tesheira’s reputation has been damaged by the entire episode.  Continue reading


Filed under Barbados, Consumer Issues, Corruption, Crime & Law, Offshore Investments, Political Corruption, Politics

How the DLP and BLP plunged your children into debt

What Owen Arthur, David Thompson and Freudel Stuart did to you and your children is pretty well as simple as the scenario shown in this excellent little satirical short.


Filed under Barbados, Politics = Dead blog?

We’ve noticed that not a new word has been published on the controversial blog in over three weeks, and there hasn’t been an original post in almost a month.

Have the authors of made their point? Is there nothing left to tell? Are the whispers of lawsuits in the works giving pause? Or… is it simply the end of the year and everyone has a martini in their hand?

Whatever the reasons, is as lifeless as the ex-wife of my old African Studies professor. I know about her because Professor “K” made her the butt of numerous jokes every class.

Harlecon: Where are you?



Filed under Barbados

Why was a profitable division of CLICO sold off?

Dear Barbados Free Press,

I don’t pretend to be knowledgeable about high finance or corporate affairs, and therefore I have to look at situations on a simple level. I’m having difficulty understanding something about how the powers that be handled the CLICO debacle. Here is my observation and questions:

In the current issue of Barbados Today, the news article “Upturn” says,

“One year after being rescued from under the beleaguered CLICO Holdings umbrella, Capita Financial Services, formerly CLICO Mortgage and Finance Company, is projecting a profit of just over one million dollars at March next year.”

Barbados Today Upturn

Why would the trustees of the CLICO mess sell off a profitable operation?

To my mind it would make more sense to hang onto it. The profit from this successful operation could have been used to shore up the rest or at least reduce the damage to policy holders who were ripped off.

That is unless the vultures saw an opportunity to grab a profitable piece of the company at the expense of the already-victimized policy holders.

Can someone please explain why this selling off of a profitable piece of CLICO was necessary and how it was good for the victims of Mr. Leroy Parris and Mr. Lawrence Duprey?

Thank you,

A fellow victim


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

Live in New York, born in Panama – Looking for relations in Barbados

Bajans On Their Way To Panama in another era

Roots Search

Dear Barbados Free Press readers,

I live in New York but was born in Panama. I am trying to find some background on my grand-father George Coulthrust who was married to Benita Walker Coulthrust. My real fathers name is Jorge Coulthrust son of George Coulthrust. Is there an administrative office I can contact to get historical (archived) information?

Marcelino Campbell,

New York



Filed under Barbados, Panama

Violent Muslims attack Christmas celebrations around the world

Where is the outcry from the “moderate” and “tolerant” Muslims about the annual Christmas slaughter?

Christmas is a special time for violent Muslims. It’s the same every year as Muslims murder dozens and sometimes hundreds of Christians at Christmas. Christians around the world have to be extra vigilant at Christmas time. Remember the underwear bomber taken down by the passengers over Chicago two years ago? That was a Christmas Day flight, and the day was chosen by violent Muslims for a reason.

Here’s how violent Muslims celebrated Christmas in 2011…

Nigeria: Church bombs massacre. Violent Muslims exploded bombs at five churches on Christmas Eve and Christmas Day. Over 100 people were killed in Nigeria in the bombings and other Christmas attacks.

Uganda: Christmas Eve service Muslim acid attack blinds pastor. Christian Pastor (and former Muslim) Umar Mulinde of Gospel Life Church was blinded and disfigured in an acid attack. His assailants shouted “Allah Akbar” as they ran from the scene.

Indonesia: Christmas service was banned at church after Muslim authorities cancelled the permit to worship. Threats from violent Muslims against all Christian services.

The congregation of the embattled GKI Yasmin church in Bogor was forced to move its Christmas prayers to a member’s house after Islamic groups assembled at the disputed site and threatened to challenge the sermon on Sunday.

Islamic fundamentalist groups in Parung, Bogor regency, West Java province, are threatening and “warning” the local Catholic community, victims of attacks in anticipation of the holiday season.

Pakistan: Asia Bibi, a Christian mother of five sentenced to death on charges of “blasphemy” against Islam and over a dozen other Christians held in Pakistani jails spent Christmas Day without their families, after authorities refused requests to allow prison visits,

Sri Lanka Christmas honour killing: Muslim father beat his 17-year-old daughter to death on Christmas Eve for dating a Christian.

Iraq: Two thirds of the country’s remaining 1.4 million Christians have fled. Merry Christmas infidels!

Iraq: Sniper shoots Christian to death outside his home on Christmas Day. Merry Christmas, Infidel!

Iran: Tolerant Muslim authorities raid Christmas celebration at Christian church, and arrest everyone including children.

Texas: Honour killing 58 year old Muslim man dressed as Santa Claus kills his entire family as they were sharing Christmas presents. His daughter was dating a “non-Muslim” and his family had adopted infidel ways.

Gaza: Hamas cancels Christmas for Christians. Christians obey because they remember what happened to the chap who owned the only Bible store in Gaza.

Malaysia: Muslim authorities earlier raided a Christian church to show who is boss. Christian churches were warned to “exercise caution”… or what? Or… there will be a repeat of Christmas 2010 when violent Muslims bombed eight churches. This Christmas, Malaysian Christians are being as quiet as church mice. Fear does that.

Saudi Arabia: Saudis cut off Nigerian man’s hand for theft on Christmas Eve. No, Abdulsamad Ismail Abdullah Hawsawe isn’t a Christian – but I thought I’d mention it to remind us all that, as always, the first victims of Islam are Muslims.

Iran: Government announces on Christmas Day that a woman convicted of adultery will be hanged or stoned to death.

Barbados: Muslim teenagers at Barbados Al-Falah Muslim School are taught that stoning, beating and amputations are okay. We wonder what else they are taught about Christians and Christmas, but the school has never revealed their text books and other materials to either the public or Barbados Ministry of Education.


Filed under Barbados, Human Rights, Religion