| The Tribune

‘Abundance of caution’ in $232m loan clean-up

A Cabinet minister yesterday said the Central Bank Act is being “cleaned up out of an abundance of caution” to ensure the Government can lawfully borrow the $232.3m IMF special drawing rights (SDRs).

‘Come clean’: $232m loan made lawful retroactively

The Opposition yesterday demanded the Government “come clean” over its $232.3m IMF special drawing rights (SDRs) borrowing after reforms were tabled in Parliament to retroactively make the transaction lawful.

Children in poverty

“Suffer The Little Children to come unto Me, for of such is the Kingdom of Heaven.”

Trade deficit jumps 10% as imports exceed $1bn

The Bahamas’ trade deficit increased by $82.37m or 10.3 percent year-over-year for the 2022 third quarter as goods imports spiked to over $1bn for the period, it was revealed yesterday.

PETER YOUNG: Sunak in the spotlight amid international issues

INEVITABLY, news of President Biden’s surprise first visit to Ukraine yesterday has dominated the headlines. During his dramatic brief stay in Kyiv he is reported to have reassured President Zelensky directly about the unprecedented continuing military, economic and humanitarian support for Ukraine by a “coalition of nations”, and he is now on a three-day trip to Poland shortly before the first anniversary of Russia’s invasion.

Decades-old systems hit fiscal reporting deadlines

The Government’s fiscal transparency drive has burdened decades-old accounting and payroll systems with legally-mandated reporting deadlines they are not equipped to meet, a top official is asserting.

Prison parole programme to begin with Grand Bahama inmates

ACTING Prison Commissioner Doan Cleare said government expects to soon announce the commencing of parole for inmates, starting first in Grand Bahama.

The Bahamas going to join the cannabis club?

Marijuana/Cannabis policy in both Germany as in The Bahamas plans are in the works toward its legalisation. Of the 28 EU states, Malta has legalised cannabis use, but with hefty fines for smoking in the presence of children, minors and public smoking.

BTC contractors seek better working terms

Bahamas Telecommunications Company (BTC) contractors yesterday asserted they have been without valid employment contracts since June 2022 as they demanded improved working terms and conditions.

Horror as teen collapses and dies playing basketball

AN 18-YEAR-OLD girl collapsed and died at a basketball court at Masons Addition park yesterday.

STATESIDE: Trump suffers setbacks in his many legal battles

IN the month since the American midterm elections, many in the US media, including long-time supporters Rupert Murdoch and his Wall Street Journal and New York Post, have been critical of the role played by ex-president Donald Trump in the disappointing Republican election performance in November.

Debt consolidation loans not cutting borrower woe

Commercial banks have revealed that debt consolidation loans frequently fail to reduce a troubled borrower’s debt service ratio to the 45 percent of income previously targeted by industry regulators.

PETER YOUNG: Back after a tumble - and with a thank you to Doctors Hospital

TO MY great regret, for the first time in some four years I have failed to produce this column for three successive weeks. This is because I have been laid up in hospital with a broken hip. I should like to write about it today in order to draw attention to the excellent treatment I received at Doctor’s Hospital here in Nassau.

STATESIDE: Special counsel Jack Smith and the Elliot Ness comparison

JACK Smith is Elliott Ness. Or is he? Especially before he grew a scraggly beard, Smith resembled Kevin Costner playing the Treasury Department’s legendary crime-fighter and nemesis of notorious Chicago Depression-era gangster Al Capone, depicted by the peerless Robert DeNiro in 1987’s celebrated movie “The Untouchables.”

‘Don’t build financial services on crypto’

FTX’s collapse into provisional liquidation is a warning that The Bahamas should “not build the whole financial services recovery” on digital assets, a prominent Bahamian accountant said yesterday.

Boat in Exuma explosion ‘poor quality’

THE Exuma tour boat that exploded in 2018 leaving an American woman dead and several others injured was made of poor-quality aluminium and had no insulation in its wiring which likely caused the fire after it came in contact with fuel, a police officer testified yesterday.

STATESIDE: The odds favour a Biden-Trump rematch

EVER since it became clear in the late spring and early summer of 2020 that Joe Biden would emerge from a crowded, desperate Democratic Party primary campaign as the challenger to Donald Trump’s bid for re-election, there has been much speculation about whether the fate of these two septuagenarians is inextricably linked.

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