Nation e-Edition

UWI fallout

UWI fallout The Cave Hill Campus of the University of the West Indies. (FP)

Mon, January 28, 2013 - 12:11 AM

A debt of approximately $200 million owed by the Barbados Government to the University of the West Indies – most of it to the Cave Hill campus – has started to have a negative impact and ripple effect on several operators within the business community.

DAILY NATION investigations have revealed that the Barbados-based campus which is celebrating its 50th anniversary this year appears to be struggling to pay its creditors and has racked up millions of dollars in unpaid bills.

Most of the money is reportedly owed to traditional suppliers and the debt is said to have contributed significantly to the cash flow problem these businesses are currently experiencing.

A source who declined to be identified said Cave Hill was “limping along with a strangulating debt that has long surpassed its annual budget and which now stands at twice the size of what it was a year ago”. (ES)

Please read the full story in today’s DAILY NATION, or in the eNATION edition.

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Posted by Randolph Welch 1 year, 8 months ago
This bound to happen when Barbados letting Trinidad take over everything in Bim, Them can't even stop their Airlines from the struggles but yet still they taking over every thing in Barbados

Soon my little rock will be call Little Trinidad

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Posted by Frank Husbands 1 year, 8 months ago
To add insult to injury everyone of those students have a smart phone or tablet.Each administration can keep promising free university education and see what eventually happens. First of all advanced level forms that is six forms need to be added at all schools.The 11 plus needs scrapping and Barbados society should focus on everyone going to University.Saving for a child's university education should be more of the focus than passing the 11 plus exam.Lastly the cost of University education should be burdened the student.
There was a time in Barbados that secondary education had to be paid for.Once upon a time you had to pay to go to school at Combermere.

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Posted by David Hall 1 year, 8 months ago
Pathetic! Pathetic! Pathetic!

I wish the Government would stop the lotta Long talk and Pay U W I. We can find money for all kinds of Election Gimmicks and the institution that has served us well for years we are ignoring. But then again we are building a society not an economy so giving hand outs is what the money is more needed for.

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Posted by Olutoye WALROND 1 year, 8 months ago
Well, well. Poor Trinidad is up for blame if a Barbadian man beats his wife. Now we are told that by investing in Barbados and employing Barbadians the Trinidadians are carrying way money from the university. Where ignorance is bliss....

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Posted by Pan Wallie 1 year, 8 months ago
what is the bill for the anniversary celebrations this year? 50 is considered significant, but if one is already choking in debt, then why compound it?

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Posted by CARL HUSBANDS 1 year, 8 months ago
@David Hall: There was this occassion when an incoming class of first year law students at a certain prestigious law school met with their professor who requested, by a show of hands, how many of them were on welfare. Needless to say, these students were taken back and somewhat offended by the request. After several uncomfortable moments, the professor then requested, by a show of hands, how many of them were on scholarships or had received grants from the school. Everyone raised their hands. The professor then stated that everyone should have raised their hands in connection to the welfare request since no matter what you call it: scholarship, grants, stipend, concessions, tax breaks and so on, it is all welfare. So in the instant case, whether the government allows secondary students to ride the bus free, give houses to those in need, supplement your food bill or utilities bill or give money to UWI so that students can go to college for free, there are all HANDOUTS.

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Posted by Bajan Fishermen 1 year, 8 months ago

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Posted by David Hall 1 year, 8 months ago
@ Carl: Point noted: And as an good lecturer in political economics would remind us :the time of the Social welfare state is at an end, hence, spend on the ones with greatest potential and/or begin the process of phasing out the ones you first need to get rid of rather than just adding others for political mileage; as the inability to sustain them will render them useless.

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Posted by david lawrence 1 year, 8 months ago
@ Frank Husbands how long ago was once upon a time you had to pay to go to school at Combermere. Was it before November 30th 1966. I don't know I am merely asking. Because as far as I know that is why our great leader (and i know you know who i am speaking about) fought for us so that we can enjoy a free and nourishing education that most our bajan children could not afford. Now if I am wrong Mr. Husbands please let me know

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Posted by CARL HUSBANDS 1 year, 8 months ago
@David: And when you create this state who will be playing God to determine what "potential" and who possesses this "potential" that will be the beneficiary of the state's largesse?

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Posted by Carl Harper 1 year, 8 months ago
@Carl Husbands
We don't often agree on the political issues, but I have to side with you one this one.

People want to choose their "freeness." When the government extends a helping hand to to someone in poverty to lift their circumstance, the middle- and upper-class scoff and complain about handouts.

Yet the same better-off ones in society who have benefited immensely from the system in many other ways, complain bitterly when asked to pay a little more school and university fees, or towards healthcare at the polyclinics, QEH, or medications.

This is a similar issue that confronts President Obama in the USA, where he is asking the rich to pay a little more in taxes but has been met with strong resistance from a Republican Congress.

Of course, in Barbados, the argument can be made that people are already taxed out on incomes, VAT, excise taxes, levies, land tax, duties, surcharges.... Hence, to be asked to pay more for services that should be easily covered by the high and unavoidable taxation, would suggest that there is inefficiency and mismanagement in the system.

Once a person has overcome and a particular need (eg. shelter, food) no longer makes demand, he/she is upset that the system addresses the other person's impoverished circumstance.

As I see it, free education and healthcare are all welfare. Some people just want to select which welfare to have remain and what should be discarded.

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Posted by wayne husbands 1 year, 8 months ago
@DAVID LAWRENCE. i was going to the waterford institution when our country became independent, and my scholarship was granted by my GODFATHER.MAYOR OF THE CITY'ERNEST DEIGHTON MOTTLEY" when i passed the common entrance,i knew not how i would forward. but one trip to lower green and a long wait on line, [we] my mother and i came out with the goods, books, lunch, uniforms and a monthly bus ticket. it was the first time in my life i had worn "american khaki" no more green hard stuff. so i can see where my cuz carl is coming from. whether its "black white or candy stripe" its still a handout.

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Posted by David Hall 1 year, 8 months ago
if that is playing God, then we do it everyday. its simply a matter of us making choices on a continuous basis. everyday. Choices however that cant stand the scrutiny of those standards which we have come to accept as trustworthy.

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Posted by nesta marley 1 year, 8 months ago

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Posted by CARL HUSBANDS 1 year, 8 months ago
@David: I am not quite sure what point you are making but permit me to say this - As long as in Barbados there are choices that , for example, a little boy or girl born in a little wooden house in some village or neighborhood such as Westbury Road or Checker Hall or Haynesville etc is given the same opportunities and support to succeed in life as a little boy or girl born in the "heights" or "terraces" then such choices will always pass the scrutiny of the standards that we trust and hold dear in this country. There was a story last week about the good samaritan who took in the gentleman who was injured in a car accident. To that lady it didn't matter whether the gentleman was bajan or not; it didn't matter whether the gentleman's family chose not to help him. All that matter was that this good Samaritan chose to help even if giving such help impacted what little finances she may or may not have. This is the society called Barbados that I know.

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Posted by Bim Bum 1 year, 8 months ago
A debt of approximately $200 million
is owed by THE TAXPAYER
to the UWI.

Government doesn't pay any bills: not one.
They merely hand costs on to the taxpayer!
get with the program, people!

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Posted by Kenneth King 1 year, 8 months ago
Thanks Mr. Randolph Welch, I have been saying this all along and I know there is more to come, how have we ended up in this mess in the first place. Some people could not find no other alternative after bad spending and decided to sell the country to every Tom and Harry, now we have little to call our own and depending on those we sold these institutions to too employ a few Bajans and three cents in the economy while big bulks goes out of the country...great management of those responsible then. The facts are plain and simple our cost of living are way too high and does not pass to the wages paid out; There is a better need of protection of consumer rights as well because Firms just putting prices on products are not worth the value. I have seen beds, stoves and other funiture costing way over 4 to 5000 Bds dollars which in mind my ridiculous when that same product cost about 5 to 600 or even 700 dollars, most Barbadian swimming in debt because the hire purchase leaves them a few thousand out, we are just out pricing ourselves. What would it be in 15 yrs. time, with these fix cost means that this same product will cost almost 10,000 Bds. to own a normal bed or sofa...something is wrong here.

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