Barbadians love sugar and this is no secret. We are known also as the amputation capital of the world and the high incidence of non communicable diseases is also no secret. There is evidence more Barbadians are buying into good diet and exercise albeit at too sluggish a rate.
Related link: Rational Approach To Diet, Exercise
Thanks to Bentley.
All financial firms should by law be compelled to submit an annual business model to the regulator and supervisor for assessment if they are to continue to trade. This should be a basic condition to provide adequate consumer protection and the integrity of the financial supervisory and regulatory systems.
As has been stated before, the business models of insurance companies and banks, the two major financial sectors, are totally different. While banks borrow short and lend long, a flawed business model if ever there was one, insurance companies are often compelled to have a capital adequacy of at least 110 per cent of its likely liabilities. And, of the various branches of insurance – unemployment, health, home, motoring, disaster, etc. – the greatest moral hazard is motor insurance; it is the low hanging fruit, in that it is the easiest for insurance companies to make lots of money while paying out a relatively low percentage of claims.
First, unlike life and health insurance, or even unlike home and contents insurance, motorists are compelled by law to have insurance. Unlike life and pensions insurance, for example, there is no need to base actuarial assumptions on a continuous mortality investigation report and the one in two hundred event assumption is in many ways only theoretical since there is no longevity risk. Generally, there are two broad kinds of insurance regulation: firm-specific and industry-wide. Firm-specific regulation and supervision is when the authorities are focusing on a single firm, going through its books, interrogating its staff, and talking to a sample of its customers. This may arise out of a formal complaint, market rumour, suspicion or a randomised stress test.
Submitted by Charles Knighton
Dr. Clive Landis, UWI
· Chronic Disease Research Centre
Minister of Culture, Sports and Youth, Stephen Lashley, has again stressed the importance of keeping aspects of Barbados’ heritage (traditions) and history in the forefront during the season of Emancipation, “so that both young people and adults can truly appreciate what is being celebrated.” A society that does not either understand or value its history and traditions is a society verging on suicide, for if you don’t know your history, then you don’t know anything. You are a leaf that doesn’t know it is part of a tree. And what is tradition if not the living faith of the dead?
In her article Tourism defenders (April 15 Advocate), Janelle Husbands leads with the adage that “good news travels fast and bad news even faster” before discussing the importance of the image we portray in attracting tourists to Barbados.
What image of Barbados was portrayed by the recent release of the findings of a study by Dr. Clive Landis that forty percent of Barbadian females’ first sexual experiences came about through coercion or by rape? Though males were not included in this study, with such a high percentage of females reporting such experiences, it seems safe to draw the inference that over half of all children in Barbados are victims of sexual abuse.
Click to read full text of the speech (Adobe PDF)
Submitted by William Skinner
…Barbados Labour Party has been in the main supported by the traditional corporate sector …
In our midst, there are some very skilful manipulators of public opinion, who would like to give the impression that the trade union movement has only been in bed with the Democratic Labour Party. This is a great lie. The truth is that both the Barbados Labour Party and the Democratic Labour Party have enjoyed incestuous relationships with the trade unions. I say unions because a very close and objective observation would reveal that none of the major unions has avoided being hijacked, at some point or the other, by members of the two ruling parties.
Ever since the fall of Grantley Adams, the Barbados Labour Party has been in the main supported by the traditional corporate sector and really had no need for the financing of its politics either in money or kind from the BWU. This left the field wide open for Errol Barrow to inflame the traditional white corporate sector and skilfully create a black rising business/professional class that has supported the Democratic Labour Party. Barrow established a very clever bond of capital and Labour and with great cunning, convinced the masses that the Dems were for them and the Bees for the whites. The Bees equally cunning deliberately started to paint the Dems as anti-employer and the ploy of these two behemoths parties has continued. And it has worked amazingly well.
Submitted by James Bynoe, Caribbean Cyber Security Centre
…Windows XP, which is no longer being supported by Microsoft as of April 8th 2014 …
The Caribbean Cyber Security Center would like to urge all Caribbean businesses, governments, and home users running the Microsoft Windows XP operating system (OS) to aggressively plan to upgrade from Windows XP, which is no longer being supported by Microsoft as of April 8th 2014.
So what exactly does that mean to you as a Windows XP business, government or home user?
It means that Microsoft will not be doing two key things needed to protect your Windows XP computer in today’s rapidly expanding cyber war being waged against the Caribbean by cyber criminals and hackers, (1) Microsoft will not be providing any XP system or security updates which means that hackers and cyber-criminals will be able to compromise systems running Windows XP with growing ease, and (2) if you have problems related to Windows XP, Microsoft will not be providing any free support as you will now have to pay Microsoft for extended support. It was recently reported that the U.S Internal Revenue Service (IRS) who missed their April 8th deadline to upgrade their systems running Windows XP had to pay Microsoft millions for extended XP support. Microsoft XP extended support is being reported at an estimated cost of $200.00US per system for the first year, which ironically is the approximate cost of upgrading to Windows 8.
Read full submission
In a popular democracy, citizens, collectively, are the ultimate principal; elected representatives are their agents. These agents are also principals who, through the legislature, delegate authority to a host of departments and agencies that make up the sprawling executive branch of government – Fraser Institute
It has become obvious to many several built in checks and balances of the Westminster system of government Barbados has adopted from its colonial past are failing. It is a system of governance which requires exhaustive participation by citizens to work effectively. Nearly 40% of eligible voters did not vote in the last general election, an obvious symptom of a democracy in decay if we sample just one indicator.
Auditor General reports (2004 to 2013) of successive governments record a consistent performance of fiscal indiscipline. A flouting of the financial rules. An easy translation of the Auditor General’s comments can be described as a system of graft and corruption. A scary observation is that the private sector is the entity which sells goods and services to government therefore citizens who should be holding ‘government’ accountable are complicit. In the case of Barbados we may not compare with Nigeria and other more openly corrupt countries but there is a view the covert nature of how we do business places us in the ballpark.