Welcome

Dennis Jones is a Jamaican-born international economist, who has lived most of the time in the UK and USA, and latterly in Guinea, west Africa. He moved back to the Caribbean in 2007. This blog contains his observations on life on this small eastern Caribbean island, as well as views on life and issues on a broader landscape, especially the Caribbean and Africa.

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Saturday, February 21, 2009

Allegations, Allegations. Show Me The Allegators.

The past few weeks have been ones full of allegations, mainly about some sort of financial scandal, even if laced up pretending to be polititricks. Just from memory, we have had ex-Governor of Illinois, Rod Blagojevich, alleged to have tried to sell the vacant Senate seat of now-President Obama. The man, who prefers to be called "The Rod" not "A-Rod" is innocent until proven guilty.

Racing ahead, we have the current Senator of Illinois, Roland "The True" Burris alleged to have had conversations with at least the brother of then-Governor Blagojevich regarding the seat and being asked, and trying 'unsuccessfully' to raise funds for Governor Blagojevich. Now, Senator Burris testified under oath and everyone believed him, and he does not want his words turned into sound bites so is now refusing to speak to the press. It's alleged that "The True" was so besotted by the idea of becoming a Senator that he lost all consciousness of what was right and wrong and what he was doing while planning to storm Capitol Hill: "I will not be denied", he is alleged to have said. Allegations, only mind you.

We heard of a certain Bernard Madoff allegedly running a massive Ponzi scheme and fleecing investors of some US$50 billion. The latest news alleges that no trace of investments could be found for the last 13 years relating to how Bernie made off with the money. It is alleged that the US Securities and Exchange Commission (SEC) regulate many aspects of investment in the USA. Only an allegation, mind you; it's not necessarily true.

The same SEC are now riding like the Lone Ranger hunting for more badmen and accelerated their investigations into the alleged 'massive fraud' of some US$ 8 billion perpetrated by a certain Sir Allen Stanford, know to us in the Caribbean, especially Antigua, as "Al Our Pal". No criminal charges have been made against Sir Allen, once he was served papers in Fredricksburg (population about 20,000), alleged to be the Zurich of Virginia. Alleged, I stress. With Sir Allen's alleged billions and access to a fleet of private jets, one has to wonder why he holed up in the shadow of the Blue Ridge Mountains rather than hot tailing it to the island he owns or some other hard to find place.

With all of these allegations flying around some of the alleged wrong doers or unfortune ex-'masters of the universe' have found that even after allegedly pocketing billions of dollars after steering their companies to billion dollar losses, have found themselves lost for word. Some very funny statements have been overheard or allegedly overheard in recent weeks. Hence, one powerful man was heard to say, "Many claims have been made, and I know who are the allegators..." I am not sure if he was the same person who said "I have had a lot of sleepless nights in the past 24 hours..." But, it is alleged to be the same person.

The Caribbean islands have had more than their share of headlines in international news during this wave of allegations. It is alleged that a major financial institution, CL Financial Group, is in serious trouble. That allegation seems to have legs with the assets being taken over by the Government of Trinidad and Tobago, and exceptional support being offered by the Central Bank of Barbados. It is alleged that the problems besetting the group's Trinidad operations will not affect those in other parts of the region. Allegations, mind you.

We have heard that American sweet boy singer and dancer, Chris Brown, reacted badly to being told "Shut up and drive" and mistook the face of his 'friend', Rihanna (aka Robyn Fenty, born and raised in Barbados) for a punchbag and also bit his way out of that little bind. The pictures released (see TMZ site), if they are to be believed, leave no doubt about who is the alleged victim. Chris' face when last seen was still pretty and sweet; he is alleged to have booked a holiday in the island to make a 'get to know y'all and kiss and make up' tour. Alleged, I say.

And so it has been. The world is a zoo, sometimes, and now the allegators are running the show.

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