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Financial Action Task Force (FATF) Releases Guidance on Correspondent Banking Services

Alicia Nicholls The Paris-based Financial Action Task Force (FATF) has released its long-awaited guidance on the application of FATF standards in the context of correspondent banking services following its plenary session held October 19-21st, 2016. The purpose of the guidance is to address de-risking and has been prepared in collaboration with the Financial Stability Board […]

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Clinton Versus Trump – Fiction Versus Fact

Submitted by Pachamama Recently we had occasion to review the series “House of Cards” and with the much heralded first Q&A sessions between Clinton and Trump being primed for profit, we now consider how art mimics reality, or is more realistic than reality. The differences, if any, between fiction and fact in politics. The centrality […]

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Philando Castile and Alton Sterling

Caribbean Governments Must Intervene In Defense of our African-American Brothers and Sisters

INTERNATIONAL  NETWORK  IN  DEFENSE  OF  HUMANITY (CARIBBEAN  CHAPTER) PAN- AFRICAN  COALITION  OF  ORGANIZATIONS (PACO) JOINT  STATEMENT   CARIBBEAN  GOVERNMENTS  MUST  INTERVENE  IN  DEFENSE  OF  OUR  AFRICAN- AMERICAN  BROTHERS  AND  SISTERS! The murders, earlier this month, of two young African-American men — Philando Castile and Alton Sterling — by white American police officers, should bring home […]

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Report of the Commission of Inquiry Surrounding the Assassination of Dr. Walter Rodney, RELEASED

The above [below] is a digitalized text of an “unofficial” printed copy of the Commission of Inquiry Report on the death of Dr. Walter Rodney which occurred on the evening of June 13, 1980 in Georgetown, Guyana. The text for this version is transcribed from a printed copy similar to that submitted to the Guyana […]

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A Take on the BREXIT Vote

BU has ascertained from correspondents that an atmosphere of disbelief pervades the United Kingdom today in the wake of the Leave vote. In the last two weeks, most people, on whatever side of the divide, have felt that Remain would prevail. The Remain campaign leaders (headed by PM Cameron) had booked the venue for a […]

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Brexit – One from 28 Leaves 28

Submitted by Pachamama Over sixty years ago Eric Williams famously argued that one from 10 leaves naught. His arithmetic formulation has been pregnant with meanings for Caribbean peoples since. Words which continue to ring in the ears of regional peoples for these six decades hence. Now the echo of Williams’ words may to be felt […]

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Barbadians Must Demand Better Governance

Yesterday in the news there was a report that the government will start construction on a secondary school at Searles, Christ Church in early 2017. The information caught the attention of BU not because the school is earmarked to have a sixth form, rather, Minister of Education Ronald Jones explained he preferred not to divulge […]

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Tribute to Muhammad Ali

Submitted by Afra Raymond Cassius Clay, later Muhammad Ali, was an iconic, irrepressible example to us growing up in the disputed diaspora…We are now hearing that Ali died last night, Friday 3rd June 2016, although my mood had shifted to a sombre, reflective space a few days ago with the news of his hospitalisation…To me, […]

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The Business Blog – Panama Papers Investigation Updates Barbados Information

The International Consortium of Investigative Journalists (ICIJ) just released the latest tranche of information for public consumption as part of the Panama Leaks investigation. Of interest to Barbadians is that a browse of the information on the Panama Leaks website reveals the following linked to Barbados domicile: 35 Offshore entities 47 Officers 14 Intermediaries 57 […]

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Commonwealth Secretary General Baroness Scotland Has Links to the Dark World

One has to marvel at the lack of due diligence Caribbean governments and others in authority exercise when making decisions on behalf of the people they serve. There is the perception by the developed world that we are a bunch of banana republics, yet we continue by our decision-making to give truth to the belief. […]

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WikiLeaks Bridgetown: How Uncle Sam Used and Abused Little England the Ignorant

The following is an extract from the famous Wkileaks files dumped to the Internet by the besieged Julian Assange (B) CINCLANT INSTRUCTION 5410.1 OF 15 SEPT 75 BEGIN CONFIDENTIAL 1. THE BARBADOS WEEKLY NATION OF JANUARY 18 (ON THE STREET JANUARY 16) RAN A PIECE IN ITS CENTERFOLD CALLED “UNCLE SAM’S SLICE OF BARBADOS.” IN […]

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No Fatbergs Here Mr. McLelland!

Submitted by Anthony Davis Deadly mounds of congealed palm oil are being washed up on British beaches, posing a serious threat to children and animals over the summer months. Known as fatbergs, the rock-sized white blobs smell like diesel and are covered in killer germs. They have invaded Britain’s coastline having been carried thousands of […]

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Senator Bernie Sanders

‘I am the Bern’ – the Evils of Two ‘Lessers’

Submitted by Pachamama The stakes are high in the epic battles brewing in NYC, on both sides. The Dems up dey are fighting for 291 delegates, with 247 up for grabs. The Clintons have already secured the support of about 44 ‘super-delegates’. By now the Clinton camp would have thought that their obvious shoo-in for […]

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Donald Trump

Haile Drumpf – The Rise of a New Hitler – When the Centre no longer holds

Submitted by Pachamama More than a dozen years ago these writers were denounced when we suggested to those who locate themselves at the center of Caribbean thought that the United States of America was a fascist empire, at its nadir. That financialization had delivered all forms of western capitalism to conditions not dissimilar to Germany […]

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Follow the Money: inside the world’s tax havens

The following article reproduced at the request of Green Monkey – David, Barbados Underground SNIP Around a decade ago, I was writing a book about six countries along a stretch of west Africa’s oil-soaked coast, running from Angola up to Nigeria. Despite hundreds of billions of dollars in oil revenues, their people didn’t seem to […]

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Everything is Relative – Barbados May be OK After All…

Submitted by Bush Tea Perhaps we need to put our local brass bowlery into a global perspective. After all, everything is relative, and it may be that while we are despondent about our declining situation, we may in fact be doing very well… Consider the below article by Tanya Rakhmilevich of The Alternative Daily… where […]

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Prime Minister Fruendel Stuart and Attorney General Adriel Brathwaite

Do Barbadians Care About Political Campaign Reform?

In a document titled ‘Getting there on time:notes on the regulation of campaign finance in Latin America the author in great detail outlines issues of campaign finance our region continues to be challenged. The BU household hardly expects the BU family to read the 122 page document although we highly recommend it. The unexpected annoucement […]

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Things Fall Apart Series IV – Caribbean Export Development Agency Pillar Assessment Findings

BU with the help of informants continue to expose the shenanigans at a leading Caribbean agency responsible for export development. Like Cahill Barbados, CLICO (CL Financial) and others the Caribbean Export Development Agency (CEDA) appears to lack a strong governance and management framework to assure donors who fund the agency that the process of disbursing […]

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