Canada Loyal Financial reported to be coming to rescue CLICO
There was a report in the local press on the weekend that Canada Loyal Financial is interested in bailing out CLICO. The policyholders have been emitting noises of quiet optimism since the announcement. Some of us however are alarmed a foreigner stands to own a significant acreage of our lands. If Canada Loyal Financial is able to acquire CLICO it makes a mockery of the government stated claim that it bought the old Heywoods property was in the national interest. At this point we can only speculate on the Nation newspaper report.
Who is Canada Loyal Financial?
Some will not support BU giving airplay to Chris Mchale’s matter. McHale must surely register as one of the most controversial personalities in Barbados in the last 30 years. He is remembered
by BU has the White businessman who dared to refer to Prime Minister Lloyd Sandiford (at the time) as an ‘errant school teacher’. It is not farfetched to credit Mchale for inspiring the popular song My Way.
The following exchange of emails is self explained. BU has withheld the substantive matter to protect certain parties.
IMF Report in…
Directors commended the strides made by the authorities in improving financial sector regulatory and supervisory frameworks. While domestic banks appear resilient to shocks, Directors noted the risks posed by a negative sovereign-financial feedback loop as well as weakening asset quality. They stressed the importance of continued close supervision of both banks and non-bank financial institutions, and looked forward to implementation of the recommendations of the Financial Sector Assessment Program (FSAP) update.
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Submitted by Kammie Holder
Protecting food production must be a priority.
PLEASE READ THE COURT CASE LINK. SINCE WRITING THIS…THERE IS TO BE ANOTHER COURT BATTLE…MEANWHILE SUPPORT NATURE’S PRODUCE AS MUCH AS POSSIBLE…AND LET US TRY AND STOP THIS FARM FROM DISAPPEARING FROM OUR LIVE:
I hope this is a rumour. I truly pray this is a rumour. Please, please let this not be so. I just heard through the grapevine that Bjorn Bjerkham has been allowed to purchase all the land of Nature’s Produce in St. Peter – the home of the best organic produce and eggs on the island. I am told that Timothy Walsh, owner who leased the land, is so heart-broken, he is packing up and leaving the island as a result. Nature’s Produce is a glorious farm, and a beacon of hope for the island’s food security. Timothy has worked so hard against so many odds to bring ‘clean’ to our tables. Please let this not be a fact. Because if it is…we shall be soon eating concrete! To wake up to this sick news is just not on. Oh! Barbados how the selling out of souls for the almighty dollar is going to hurt in the long run….but then….at least they will be cemented for evah in history. If we even survive long enough to have one that is worth saving! I feel devastated this morning. I really do.
So I pray that someone with knowledge about this will let me know, make my day actually, and tell me this is SIMPLY NOT TRUE!!! Please wake me from this awful nightmare I seem to be having!!
Late Prime Minister David Thompson led the DLP on a platform of bringing greater transparency to government in 2008.
The link between the Auditor General and the PAC is significant. McGee (2002. p. 11) noted that they are intertwined both in practice and in history. The legislative reforms to create the institution of the modern Auditor General were accompanied by the procedural reforms which led to the creation of the PAC (McGee, 2002, p. 57). Therefore the capacity and performance of PACs cannot rightly be considered in separation from the capacity and performance of Auditors General - The Capacity and Performance of Public Accounts Committees
Our Members of Parliament are slated to debate a Bill to repeal the Public Accounts Committee Act today. BU could careless the reason or justification on the part of the government for tabling this matter at this time. What we care about is that governments in our post-Independence period have been unable to get the most important committee in our system of governance to work. One wonders if this is a failure of the Westminster/Whitehall system we claim to practice or an indictment of the Barbados Labour Party and the Democratic Labour Party; perhaps both.
Submitted by POSH
Attorney General Adriel Brathwaite recently updated the public that crime is o the rise in the North of the island.
The culprit who shot two police officers in 2011 in Navy Gardens has pleaded guilty and was given bail by the court. Let’s just clarify that, SHOT 2 Police Officers, multiple times each. Not shot AT. Has admitted that he did it to the court. And has been released.
I don’t know how the powers that going forward are going to try to police this generation when they allow the thugs of the society to do as they like when they like. But the political elite and the same judge who released the scoundrel on bail can rest easy since the police stand between them and the thugs as a buffer.
I wonder if he had shot a member of Government or the Judiciary if I would be making this post now. I await the type of monkey sentence which will come from the court for the following charges:
Robert Clarke, Attorney-at-Law and Vice President, People’s Empowerment Party (PEP)
The Caribbean Prime Ministers attended a CELAC (Caribbean and Latin America States) (which includes all of Caricom members) Conference in Havana earlier this week and concluded their discussions and positions of actions on Wednesday, January 29, 2014.
CELAC was inaugurated in 2011 in Venezuela and that Conference was hosted by the late President, Hugo Chavez. The main objectives of CELAC were the development of serious trading agreements, health integration including research and development, the development of a green environment, the proper utilization of its water resources (that would mean the utilization of the Caribbean Rivers to supply drinking water through the CELAC States and cutting out the importation of bottled water from Europe and North America) and the development of energy using our oil reserves and developing wind and sun energy, among others.
One of the most important elements coming out of this last CELAC meeting can be traced back to the Grenadian Government under the late Maurice Bishop who in 1980, delivered an address at the United Nations demanding that the Caribbean Sea be declared a zone of peace, allowing no nuclear weapons or nuclear waste to be shipped through the Caribbean as it was then done to Japan. The Conference this year was held in Havana and most of the Caribbean Prime Ministers attended including, Mr. Freundel Stuart, Prime Minister of Barbados.
Submitted by Cedriann Martin | Communications Officer | UNAIDS Caribbean Regional Support Team
Photo caption: (L-R) Michel Sidibe Executive Director UNAIDS, Singer Rihanna, John Demsey, Chairman, M-A-C AIDS Fund and Nancy Mahon, Global Executive Director, MAC AIDS Fund, attend the MAC Cosmetics Launch of Viva Glam Rihanna at MAC Store Soho on January 29, 2014 in New York City – Read full Press Release