tag:blogger.com,1999:blog-2247742529089642474.post6886197941678194748..comments2023-05-19T13:43:33.131+02:00Comments on LLanito World: Political ConductLlanito World-Robert Vasquezhttp://www.blogger.com/profile/03683191110402987525noreply@blogger.comBlogger54125tag:blogger.com,1999:blog-2247742529089642474.post-29447949599010174332011-09-01T22:41:20.864+02:002011-09-01T22:41:20.864+02:00Anonymous at 19:58
Not correct (1) building a roa...Anonymous at 19:58<br /><br />Not correct (1) building a road is a capital expenditure not an investment (2) in any event it makes no difference to your example: Main Street was already there there was an expenditure on refurbishing it.Llanito World-Robert Vasquezhttps://www.blogger.com/profile/03683191110402987525noreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-73102656122874531992011-09-01T19:58:03.032+02:002011-09-01T19:58:03.032+02:00RV@17:06
Robert
Simple again, when you build a ...RV@17:06<br /><br />Robert <br /><br />Simple again, when you build a road it is an investment and the recurrent cost of maintenance it is expenditure.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-89470966846751688942011-09-01T19:49:21.496+02:002011-09-01T19:49:21.496+02:00If Peter continues to employ the same consultants ...If Peter continues to employ the same consultants he must know why. Let us not forget that Peter solved the £38 million disaster at Harbour Views which was the responsibility of the GSLP.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-82480992272591157732011-09-01T19:03:16.106+02:002011-09-01T19:03:16.106+02:00With the exception of Caruana's demoltion of t...With the exception of Caruana's demoltion of the joint sovereignty game the GSD record is in fact a long line of spectacular and costly failures. Not a single contract signed by government in the last 16 years except Daniel Feetham's development of the Court House has been anything else than an expensive cock up. My question is this: when Picardo replaces Caruana he has promised forensic audits. If any forensic audit shows that a contract cost the public purse because of incompetence or failure to adhere to european style basic requirements will the consultants ;) responsible be sued for damages? Is there any reason why they should not? Bring on the general election!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-69426803152115491692011-09-01T17:45:55.862+02:002011-09-01T17:45:55.862+02:00Anonymous at 17:38:
You assume all those cases th...Anonymous at 17:38:<br /><br />You assume all those cases that you mention are decsisions taken by Joe Holliday ... two points I do not think this is likely, if they were then it is a failure of the GSD as a Government both in terms of how decisions are taken and in the failures themselves ...Llanito World-Robert Vasquezhttps://www.blogger.com/profile/03683191110402987525noreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-3105735764196964812011-09-01T17:38:30.287+02:002011-09-01T17:38:30.287+02:00anon @ 13.11 Daniel Feetham has not put a foot wro...anon @ 13.11 Daniel Feetham has not put a foot wrong since he was elected. Joe Holliday on the other hand has not put a foot right or in the cases of OEM, FlyGib, tourism, telecoms, the port, cruise liners, the DPC, has put his foot in it every time. Carruana faces a freudian moment: if he choses Feetham he shows that he wants to win and if he goes for Holliday he will be telling us that he wants to call it a day, and who can blame him?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-37802962444154168372011-09-01T17:15:34.332+02:002011-09-01T17:15:34.332+02:00Anonymous at 16:42:
This subject has been debated...Anonymous at 16:42:<br /><br />This subject has been debated at nauseum in previous blogs. I am not going to explain it all over again. Go back and read previous blogs and threads on this subject. Suffice it to say (a) it depends on the interpretation given to the Act you name and (b) Gibraltar's economy is more exposed tto external factors than large independent staes, so our borrowing policies should be more conservative than it is (c) much of what has been borrowed has bee misspent.Llanito World-Robert Vasquezhttps://www.blogger.com/profile/03683191110402987525noreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-64647751280782543492011-09-01T17:12:01.992+02:002011-09-01T17:12:01.992+02:00Anonymous at 13:08
It is not something that I kno...Anonymous at 13:08<br /><br />It is not something that I know a lot about but the PDP have identified and brought to light an excellent point. It is time for our political parties and politicians to become self-critical. In Gibraltar we have a tendency to believe that everything is great. Often it is not. Self-criticism is what leads to improvement.Llanito World-Robert Vasquezhttps://www.blogger.com/profile/03683191110402987525noreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-12171606741691204632011-09-01T17:06:17.137+02:002011-09-01T17:06:17.137+02:00Anonymous at 11:12
Who decides what is an investm...Anonymous at 11:12<br /><br />Who decides what is an investment or an expenditure? Road refurbishment is usually a recurrent expenditure ...Llanito World-Robert Vasquezhttps://www.blogger.com/profile/03683191110402987525noreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-91929661774993666532011-09-01T16:42:53.680+02:002011-09-01T16:42:53.680+02:00RV@00:18
Robert
PIGS borrowed way above their ab...RV@00:18<br /><br />Robert<br /><br />PIGS borrowed way above their ability to service the loans and had to be bailed out.<br /><br />The Public Finance (Borrowing Powers) Act 2008 restricts any Gibraltar Government borrowing to within the limits of affordability.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-18470258133303675252011-09-01T15:17:51.632+02:002011-09-01T15:17:51.632+02:00Anon@08:58
The world's economy was in trouble...Anon@08:58<br /><br />The world's economy was in trouble last year and the year before.<br /><br />I am sure that the corporation tax reduction to 10% is going to have a devastating effect on the survival of the private sector.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-66719899063654428202011-09-01T13:11:01.993+02:002011-09-01T13:11:01.993+02:00It's being rumoured that Danny Feetham will st...It's being rumoured that Danny Feetham will stand for election again but on condition that Joe Holliday is dropped from the GSD line-up. Judging from the unedifying spectacle of Joe and Danny jockying for position, when they unnecessarily accompanying the CM to the UN to watch him deliver his speech after Danny became a GSD Minister I wouldn't be surprised if this was more than just a rumour.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-75981673825569330712011-09-01T13:08:29.946+02:002011-09-01T13:08:29.946+02:00Hey Robert, will you comment on the PDP's exce...Hey Robert, will you comment on the PDP's excellent press release today on the recent GCSE and A level results. What we have all whispered about in the past has now come to light!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-19683648965228684482011-09-01T11:12:29.767+02:002011-09-01T11:12:29.767+02:00RV:00:18
I shall give you a simple example of an ...RV:00:18<br /><br />I shall give you a simple example of an unquantifiable "return" from an "investment" and that is the paving that we tread on everyday that covers the pedestrianised area. Cobblestones imported from Yorkshire and laid at tremendous expense. I hope that helps towards understanding "Government investment".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-81219016918328708462011-09-01T10:30:52.474+02:002011-09-01T10:30:52.474+02:00Devils Advoctae
Calpe on Fridays starts week of 1...Devils Advoctae<br /><br />Calpe on Fridays starts week of 12th September ... so will be there on 16th!Llanito World-Robert Vasquezhttps://www.blogger.com/profile/03683191110402987525noreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-88466539959351549062011-09-01T08:58:06.289+02:002011-09-01T08:58:06.289+02:00What a laugh! people are writing in discussing sim...What a laugh! people are writing in discussing simple principles of economics because the GSD die hards can not believe that their all knowing leader could have left Gibraltar in such terrible indebtedness at a time when the world economy is in trouble. I would not like to be in the private sector now. After years of laissez faire on tax they are going to feel the white heat of Caruana's desperation to pay the national debt. By this time next year many businesses will be closed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-89414119079553694952011-09-01T03:46:10.261+02:002011-09-01T03:46:10.261+02:00Devils Advocate..
Change undoubtedly is required ...Devils Advocate..<br /><br />Change undoubtedly is required in Government.<br /><br />It is clear from conversations and social blogs that the current GSD administration has lost its credebility.<br /><br />The GSD have I believed burnt their bridges by strangulating freedom of speech locally, incurring significant financial debt, squandering public funds on questionable projects and demonstrating an arrogance in their decision making; with little to no public consultation.<br /><br />As for an alternative its great to acknowledge the existance of new developing political parties and key independants initiating debate.<br /><br />Fabian Picardos input for introducing transparency,a ministerial code of conduct, freedom of expression for local civil servants is in my eyes a step in the right direction.<br /><br />Certainly it tackles a significant local deficiency and resembles the type of Government I wish. One however will have to wait and see what other interesting concepts arise from this corner. <br /><br />If the GSD claim credit for the occasional rain, they cant be surprised if the GSLP/PDP/independents blame it for the long droughts.<br /><br />PS Hi Robert long time since we havent spoken, still do the Calpe on a Friday?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-22824354745728222132011-09-01T00:18:11.557+02:002011-09-01T00:18:11.557+02:00Anonymous at 22:28
You used the term "invest...Anonymous at 22:28<br /><br />You used the term "investment". I simply replied to your use of that term. If and when you define what you meant by that term, I will answer answer your reply. In the meantime all I can say is that I play the game better than you :)<br /><br />Anonymous at 22:35<br /><br />Thank you, it is fine whilst Gibraltar plc can refinance as and when each tranche becomes due and payable ... PIGS are in somewhat of a problem because they needed help to do so. Will Gibraltar have anyone to help and if so who and on what political terms?Llanito World-Robert Vasquezhttps://www.blogger.com/profile/03683191110402987525noreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-12235857859253205842011-08-31T23:22:19.310+02:002011-08-31T23:22:19.310+02:00Robert que grande eres! Nice responses :)
I love...Robert que grande eres! Nice responses :)<br /><br />I love reading your blog!!<br /><br />KKaelan Joycenoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-53893123415454704682011-08-31T22:35:07.630+02:002011-08-31T22:35:07.630+02:00RV@19:27
Robert
Anonymous at 19:14
Yes, agreed ...RV@19:27<br /><br />Robert<br /><br />Anonymous at 19:14<br /><br />Yes, agreed and?............<br /><br />Agreed you are a simple man when it comes to finance:) :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-49922502450883371282011-08-31T22:28:14.803+02:002011-08-31T22:28:14.803+02:00RV@19:14
Robert
Now that you have verified the d...RV@19:14<br /><br />Robert<br /><br />Now that you have verified the definition of "a return" in simple financial/commercial terms please extrapolate the same term into a national economy context:)<br /><br />Please let me know whether I can help you establish the difference:) :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-83501450241038367732011-08-31T19:27:53.738+02:002011-08-31T19:27:53.738+02:00Anonymous at 19:12
Last time I looked in a dictio...Anonymous at 19:12<br /><br />Last time I looked in a dictionary, and indeed now that I have just checked, a return on an investment means income or profit :) if no return is expected it is not an investment it is expenditure :)<br /><br />Anonymous at 19:14<br /><br />Yes, agreed and?Llanito World-Robert Vasquezhttps://www.blogger.com/profile/03683191110402987525noreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-57018855475640981152011-08-31T19:14:20.849+02:002011-08-31T19:14:20.849+02:00RV@17:59
Robert
The money is borrowed in tranche...RV@17:59<br /><br />Robert<br /><br />The money is borrowed in tranches, the whole debt does not have to be repaid on the same date.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-70446178341867238852011-08-31T19:12:10.022+02:002011-08-31T19:12:10.022+02:00Anon@17:58
Robert
What on earth do you mean by &...Anon@17:58<br /><br />Robert<br /><br />What on earth do you mean by "a return"?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2247742529089642474.post-67649171739620522542011-08-31T18:00:25.503+02:002011-08-31T18:00:25.503+02:00Tyrone
I have it in Gib. I will email it to you w...Tyrone<br /><br />I have it in Gib. I will email it to you when I can.Llanito World-Robert Vasquezhttps://www.blogger.com/profile/03683191110402987525noreply@blogger.com