Submitted by George C. Brathwaite (PhD) “Thou wretched, rash, intruding fool, farewell! I took thee for thy better; take thy fortune.”- (Hamlet – Act 3 Scene 4; William Shakespeare) The turbulence surrounding the Finance Minister Christopher Sinckler and the Governor of the Central Bank Dr Delisle Worrell should come as no surprise to those Barbadians, […]
Central Bank of Barbados Governor, Dr. DeLisle Worrell and a panel of experts comprising Professor Winston Moore, Head of the Department of Economics at the University of the West Indies, Cave Hill; Donna Wellington, President of The Barbados Bankers’ Association; Reginald Farley, Executive Director of the Institute of Chartered Accountants of Barbados; and Jewel Brathwaite, […]
The following was posted to FB Senate Page by Economist Charles Skeete The monetary authorities can fix the nominal/official rate of exchange, but not the real rate (reer). When the nominal rate is fixed, over time there is a tendency for it to become over-valued. This is so especially in small open economies. There is […]
The following report was extracted from the website caribbeansignal.com: “The IMF released its World Economic Outlook Update for January 2017 earlier today. The organization is projecting growth of between 3.4 and 3.6% in global output between 2017 and 2018, especially in emerging markets and developing economies. For Latin America and the Caribbean, projections range between […]
Submitted by Dr. George C. Brathwaite “Unless you have a group of people in this country who are prepared to redress the imbalances, to see things in the broad, social context; to see the economic importance of legislation, the economic importance of development, the psychological importance of removing distinctions between one class of the community […]
Submitted by Dr. George C. Brathwaite “The challenge lies rather in the idea of planning, of purposeful, intelligent control over economic affairs. This, it seems, we must accept as a guide to our economic life to replace the decadent notions of a laissez-faire philosophy.” – Rexford Tugwell and Howard Hill, ‘Our Economic Society and Its […]
The Barbados economy grew by 1.3% over the first six months of 2016, compared to virtually no growth a year ago. This was a slight deceleration from the first quarter, mainly on account of unexpected delays in major tourism investments projects… [youtube=https://youtu.be/yrCzHRSPJ3A Press Release June 2016 Final.pdf (1.03 MB)
Submitted By Freedom Crier One of the mantras of Leftist Socialism is “Never let a Crisis go to waste”, even made up ones! Such are used in the Bait and Switch and Smoke and Mirror tactics that distract the populace from the real crisis’s at hand and which undermine the fabric of Societies. Let’s be […]
Submitted by Orion The Minister of Finance is quoted as saying at an impromptu press conference in the lobby of Scotiabank Broad Street recently: When this recession hit Barbados, and (with it) the challenges in the financial sector, Barbados lost a tremendous amount of international business, and investment too . . . to the extent […]
Submitted by William Skinner We seem to be lurching from one issue or crisis to another. Whether it is garbage pilling up all over de place or teachers being assaulted by students, our beloved island state now seem rudderless and heading straight for the rocks. When we add an ill conceived, basically stupid, so called […]
Submitted by Anthony Davis With work on the new Wyndham hotel due to begin in two weeks time and another Luxury hotel project under active discussion, Minister of Finance Chris Sinckler is very upbeat about the prospects this year for job creation. In fact, he expects the national unemployment rate to go down – Barbados […]
Submitted by Old Onion Bags How many of you had any extra money to spend on gifts this Christmas? I bet most of you (if honest like me) would agree, ‘tings were tight, tight. Over taxation, high food and gasoline prices had people ‘pun lock.’ How much longer can we continue this way though? Better […]
Submitted by William Skinner Former parliamentarian and minister, Dr. Don Blackman, had promised to demystify economics and demonstrate that we as a society, was holding some rather obscure academics , in very high and essentially unearned esteem. […]
There is a need to improve labour productivity throughout the economy. A gap has opened up between the cost of labour and the productivity of the average worker over the past two decades – Governor Delisle Worrell The Governor of the Central Bank […]
The headline of the Central Bank’s review of the 2nd quarter 2015 performance is 0.5% growth. According to the Central Bank the growth was driven mainly by by tourism and the country is on track to achieve 1% growth for the 2015. BU continues to be very aware growth is being driven mainly by tourism. […]
The report coming out of the International Monetary Fund (IMF) that it ‘failed to realise the damage austerity would do to Greece’ makes for an interesting observation as Barbados is negotiating its own brand of economic austerity. The moral of the story for Barbadians is simple, we need to solve our problems by leveraging homegrown […]
Submitted by Old Onions Bag
People already hollaring for murder from these draconian taxes, yet it ain’t even Budget Day.
How much longer can we continue this way Mr. Sinckler? Better believe we need to come up for air now. People all over Barbados want some reprieve. How much longer can they take these draconian measures and not fall through the social net? We need relief and we need it like yesterday.
What is the sense of being able to boast of cutting the deficit in half and the country’s people are suffering?
History will first remember Dr. Clyde Mascoll as an aspiring politician who misread the tea leaves when he failed to accept the return of the late David Thompson to lead the party. Then only will his study of economics and other academic achievements be referenced. BU however will always define Mascoll as the quintessential economist. Few if any of his profession understand the numbers behind the Barbados economy the way he does. His many years spent at the Central Bank has prepared him for the role as chief spokesman on the economy.
BU recommends Mascoll’s recent column.