By Raffique Shah
October 10, 2010
NOT surprisingly, many Clico and CIB depositors were not excited over my column of last week. I thought I was being generous to those whose savings now seem to be “jumping up in steelband”. I referred to them as thrifty people. And I, too, would be ticked off if my savings, as small as they are, were threatened through the manipulations of corporate bandits.
Continue reading Truly a national insurance ‘scheme’
PRIME MINISTER Kamla Persad-Bisssessar announced that Government will establish a commission of inquiry to find who and what were responsible for the fiasco at CL Financial subsidiaries Clico, British American and Clico Investment Bank. Below is the Prime Minister’s full statement in the House of Representatives on Friday:
Continue reading PM’s statement on Clico
By Raffique Shah
October 03, 2010
I HAVE never seen a million dollars in my life. The only time I gaped at big money—was it US$20 million?—was when the then high-flying “Sir” Allen Stanford stormed the hallowed Lord’s cricket ground in London, bearing 20-20 prize money in what appeared to be a huge casket. Most appropriate, in hindsight, since shortly thereafter “Sir Allen” ended up in leg-irons in some US jail that may yet prove to be his final resting place.
Continue reading Financial advice from ‘Layman Brother’
THE EDITOR: The essential issue re: the latest Volney-initiated kuchoor is not about all these pretentious concepts of independence of the judiciary; separation of powers; the judiciary being a “bulwark of democracy” etc.
Continue reading Volney/CJ Conflict: Separation of Powers?
on the Clyde River in Glasgow, Scotland
September 30, 2010 – newsday.co.tt
PRIME MINISTER Kamla Persad-Bissessar yesterday confirmed Government has cancelled a deal with a Scotland-based shipbuilding company BAE Systems for the acquisition of three off-shore patrol vessels, ordered by the then PNM government at a cost of TT$1.5 billion.
Continue reading Govt to get OPV $B refund
By Dr. Selwyn R. Cudjoe
September 29, 2010
It was one of those incomprehensible statements: “I am the Head N…. In Charge.” That was Jack Warner’s major contribution to the recent Budget Debate. If we use Jack’s logic in a society such as ours, the following corollary suggests itself: if there is a “Head N…In Charge” there must be a “Head C…. In Charge.” It is a philosophical proposition of which this is the logical conclusion.
Continue reading Jack Warner: H.N.I.C.
By Michael Harris
September 27, 2010
One of the things which I tried to do as a parent was to inculcate in my son the knowledge that to be an adult meant being prepared to accept responsibility for the consequences of one’s actions. This, after all, is one key thing which separates adulthood from childhood. When you are a child it is assumed that you cannot be held entirely responsible for your actions and your parents or guardians are assumed to accept that responsibility in your stead. When you become an adult the responsibility is all yours.
Continue reading NOT A PENNY MORE!
By Stephen Kangal
September 26, 2010
During his sprited Budget response to the opening salvo statement made by the Leader of the Opposition, the Honourable Keith Rowley, Foreign Minister the Hon. Dr. Suruj Rambachan posited emphatically that the Partnership Government has as its pivotal and overriding mission the conduct and achievement of what he termed value-for-money diplomacy (VMD). That new modus operandi /paradigm shift in our traditional foreign policy configuration, if it is to be seriously configured and undertaken, must be commended.
Continue reading Pre-Conditions of Value-For-Money Diplomacy
By Anika Gumbs-Sandiford
September 26, 2010
The million-dollar sale of the official Chief Justice residence more than a decade ago has come back to haunt the State. The decision has left taxpayers digging deep into their pockets forking out more than $54,000 a month to afford the super-grade housing a Chief Justice is entitled to. So, why was the home of the nation’s third highest office holder sold and not renovated? This is the burning unanswered question on the lips of many. Comprising 44,943 square feet of land (more than one acre) and located in the affluent neighbourhood of St Clair, the sprawling property was auctioned off for a bid of $7,001,000 just three days before Christmas in 1997. Real estate agent and chartered surveyor Afra Raymond valued the opulent property in today’s market at a whopping $31 million.
Continue reading A house fit for a chief
By Dr. Selwyn R. Cudjoe
September 23, 2010
A few days ago the Honorary Prime Minister, Kamla Persad Bissessar addressed the United Nations General Assembly. Among other things she recognized that “the passport out of poverty is through education, community empowerment and social entrepreneurship.” She also acknoweldged that 16.7 percent of our people still live below the poverty line; 11.7 per cent are considered working poor whereas 9 per cent are deemed vulnerable. The goal, she says, is to reduce poverty by 2 per cent per year.
Continue reading Talking From Both Sides of Her Mouth