What is Sir Allen Stanford up to? Click and read a balanced comment from Forbes Magazine

Forbes magazine says that "Stanford's investment strategy can be described as sure and steady. It doesn't compare its investment returns with any benchmark (those comparisons are a "promotional vehicle," says financial officer Davis). Instead it sets an internal return on investment targets based on the market environment. It uses leverage sparingly, and holdings are diversified across countries and currencies."

Click the above link and read about Sir Allen, his money and his plans for cricket.

My comments on the National Insurance Fund...in response to criticism by NIB..click and read.

I wish to point out that the commentary offered was fully supportive of the increased contributions and the work of the NIB and offered the same caution that the actuarial review offered, that is, that the long-term health of our NI Fund is dependent on certain factors and periodical reviews of contributions and management of the benefits are two of those factors.

What does the financial crisis do to employers and employees? Click and read my Newsday column.

On 9th. October, 2008 the Dow Jones Industrial Average (DJIA) reached a record 14164.53 points, its highest ever. According to the Daily Journal (9 October, 2008) Wall Street was celebrating the fifth anniversary of a bull market that had created $10 trillion in shareholder wealth since 2002. Exactly one year later, the DJIA went below 9000 points for the first time in five years, dragged down by a 39 percent slide is the US Stock Market and the disappearance of US$ 7 trillion in shareholder value.

What will this mean for employers and their employees? Perhaps we should be looking at three things : pension funding, employee compensation and job losses. Click the above link and read Part 1 of my Newsday column.

Comparing the HCU to the US financial markets.....click here to read

The remarkable amount of US taxpayers’ funds already used to shore up the global financial markets will give embattled Hindu Credit Union (HCU) investors more than a glimmer of hope that the Minister of Finance of Trinidad and Tobago may consider stepping in to fill the $400 million black hole which auditor Ernst and Young has found in the HCU’s books.

Click the link above to read my Newsday column.

Rowley's $10. million invoicing error...click to read my thoughts.

It must be worrisome to hear that even after facing doubts regarding a $10 million invoicing issue, the PM still appointed the former housing minister to the Ministry of Trade and Industry.

What other doubts and questions had Mr Manning overlooked?