Daily Archives: August 2, 2015

US Ambassador to Barbados, 2006: Owen Arthur’s sugar decision “defies logic and sours prudent budget”

Barbados EU Sugar Aid

Sugar is over, finished…

With the recent revelation that the Government-owned Barbados Agricultural Management Company left 1000 acres of cane to rot in the fields – and that our country’s total 2015 sugar harvest might not reach even 10,000 tonnes, BFP re-blogs this post.

It’s time to leave sugar behind. It is a deep, dark hole that sucks money and energy from this nation. None of our children will cut cane or pick cotton, and the cost of Barbados sugar production is the highest in the world.

It’s over folks. It’s over.

Almost ten years ago, BFP asked Prime Minister Owen Arthur about his plan for sugar…

Remind me… what was the Barbados government plan to replace the sugar revenues?

Oh ya… I remember now…

1/ Beg the Europeans for money – playing upon white man’s guilt.

2/ Sell the rest of the island to foreigners.

Ya… good plan, Owen!

Barbados Free Press

“Instead of pouring more money into sugar, the Government of Barbados would be better served letting the industry die a peaceful death, as St. Kitts did in 2005.”

“This massive investment in the sugar industry defies logic and sours an otherwise prudent budget.”

“Sugar is so intrinsic to their national identity, however, that Barbadian taxpayers apparently support this fiscal profligacy.”

Mary Kramer, US Ambassador to Barbados, January 27, 2006

WikiLeaks just released a massive new treasure trove of US Embassy Bridgetown previously secret cables.

We’re looking at many of them in our article WikiLeaks: Massive release of Barbados US Embassy documents. You can help too by going to WikiLeaks Embassy Bridgetownpage and digging in!

But we’re going to post this cable on its own because it makes for very interesting reading.

Considering our current economic situation, Barbados Labour Party supporters will jump right on this cable as vindication…

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CL Financial Bailout – The Real Case

AfraRaymond.net

Sen. Larry Howai, Min of Finance Sen. Larry Howai, Min of Finance & the Economy

In 2013 I sued the Minister of Finance & the Economy for his continuing failure or refusal to provide the details relating to the huge $25 Billion bailout of the failed CL Financial group.

On Wednesday 22 July 2015, the High court ruled in my favour by ordering the release of all the requested information.

The basic principle behind the Freedom of Information Act is that the information held by Public Authorities belongs to the public, unless one of the valid exemptions is applicable.

The Court also granted the State a 28-day stay of execution which seems intended to allow them the time to decide whether to appeal before they have to provide the requested information. Given the ongoing Information War and the high stakes to maintain the ‘Code of Silence’ in relation to this bailout, I would not be at…

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Filed under Barbados