A newspaper article and a billboard serve different purposes: the Newspaper is about news and the billboard is about sensationalism. Moreover, there is no such thing as literal "free speech". Free speech comes with responsibility. Everything we do in life affects someone or something. Ignore the rhethoric, Mr. Davis and his team regret their lack of forethought and exhuberance and are praying that that the reprecussion is only a ripple and not a tsunami.
Yes Prime Minister, I concur that the current law (The Petroleum Act) is inadequate. There is a need for revised and additional oil/petroleum regulations. But, who represented the Government (the interests of the Bahamian people) during the meetings with the oil company? There are two issues: first the environmental impact: A layman’s look at the current Petroleum Act, indicates amendments are needed. The Act concentrates on the oil rig but does not mention the transportation of oil “supertanker”. The two largest disasters were different in that BP’s disaster ($40 billion and counting) was at the oil rig and Exxon Valdez’ disaster ($4.3 billion) involved a supertanker. Second, the economic impact: some Bahamians believe that the economic impact is immediate that is, the public treasury will be flowing with surplus revenue. Others believe that the price of gas at the pumps will plummet and still others believe that the cost of electricity will at last become acceptable. Sir, what do you say? Other questions about the agreement: if oil is found, how long before we (Bahamians) feel the positive financial impact? Will the oil, like our salt, be exported as a raw product and later imported for our consumption? Does the agreement involve the refining of the oil in The Bahamas? And if yes, will the oil refined in The Bahamas be labeled for export only or will it be used locally?
Contrary to the local belief, entrepreneurship is not about "self-employment". Simplistically, It is about taking risks with new ideas to create employment for others. The words 'entrepreneur' and 'entrepreneurship' have been misused in The Bahamas. Microbusiness (one man/woman band) and small business ( owner and one or two employees) are not examples of entrepreneurship. An excellent example of an entrepreneur is Ataro Mitchell owner of Bahamas Striping.
Unless Mr. Moncur's "plants" were assessed by an agriculturist or qualified assessor (like the persons who assesses Rocky Farm Nursey), his declaration is questionable. I will give Mr. Moncur the "benefit of the doubt" -- Perhaps the Tribune's writer failed to mention who confirmed the value of Mr. Moncur's assets.
Mr. Finlayson should deal with the staff’s issue “Pension”. A pension fund existed, so (1) Is the pension fund still in existence? If not, why? (2) Who manages/managed the pension fund? If the pension fund exists (which you have not denied), (3) Where are the annual pension fund statements? (Employees should receive a statement each year.) (4) Let the employees know the following (a) which employees are vested (cannot cash out the pension fund and must wait until the age of 60 or 65 and (b) those employees who can cash out the fund.
Mr. Finlayson, retired Bahamians cannot survive on National Insurance. Retired Bahamians cannot survive on National Insurance and the Prescription Plan. They need additional income to survive. The additional income is the pension fund.
Arob says...
A newspaper article and a billboard serve different purposes: the Newspaper is about news and the billboard is about sensationalism.
Moreover, there is no such thing as literal "free speech". Free speech comes with responsibility. Everything we do in life affects someone or something. Ignore the rhethoric, Mr. Davis and his team regret their lack of forethought and exhuberance and are praying that that the reprecussion is only a ripple and not a tsunami.
On PLP hit out at 'dictator' Prime Minister
Posted 27 April 2012, 9:44 p.m. Suggest removal
Arob says...
Yes Prime Minister, I concur that the current law (The Petroleum Act) is inadequate. There is a need for revised and additional oil/petroleum regulations. But, who represented the Government (the interests of the Bahamian people) during the meetings with the oil company?
There are two issues: first the environmental impact: A layman’s look at the current Petroleum Act, indicates amendments are needed. The Act concentrates on the oil rig but does not mention the transportation of oil “supertanker”. The two largest disasters were different in that BP’s disaster ($40 billion and counting) was at the oil rig and Exxon Valdez’ disaster ($4.3 billion) involved a supertanker. Second, the economic impact: some Bahamians believe that the economic impact is immediate that is, the public treasury will be flowing with surplus revenue. Others believe that the price of gas at the pumps will plummet and still others believe that the cost of electricity will at last become acceptable. Sir, what do you say?
Other questions about the agreement: if oil is found, how long before we (Bahamians) feel the positive financial impact?
Will the oil, like our salt, be exported as a raw product and later imported for our consumption?
Does the agreement involve the refining of the oil in The Bahamas?
And if yes, will the oil refined in The Bahamas be labeled for export only or will it be used locally?
On PM hits out at Christie oil link
Posted 25 April 2012, 5:29 p.m. Suggest removal
Arob says...
Contrary to the local belief, entrepreneurship is not about "self-employment". Simplistically, It is about taking risks with new ideas to create employment for others. The words 'entrepreneur' and 'entrepreneurship' have been misused in The Bahamas. Microbusiness (one man/woman band) and small business ( owner and one or two employees) are not examples of entrepreneurship.
An excellent example of an entrepreneur is Ataro Mitchell owner of Bahamas Striping.
On Making the transition from executive to entrepreneur
Posted 20 April 2012, 10:13 p.m. Suggest removal
Arob says...
These are prime examples why "services" should be taxed. Services (doctors, lawyers, accountants, consultants etc. ).
On 56 Bahamian millionaires target election wins
Posted 20 April 2012, 10:04 p.m. Suggest removal
Arob says...
Unless Mr. Moncur's "plants" were assessed by an agriculturist or qualified assessor (like the persons who assesses Rocky Farm Nursey), his declaration is questionable. I will give Mr. Moncur the "benefit of the doubt" -- Perhaps the Tribune's writer failed to mention who confirmed the value of Mr. Moncur's assets.
On Money isn't everything on the declarations - sometimes it's all about the plants
Posted 20 April 2012, 10:01 p.m. Suggest removal
Arob says...
Mr. Finlayson should deal with the staff’s issue “Pension”. A pension fund existed, so (1) Is the pension fund still in existence? If not, why? (2) Who manages/managed the pension fund?
If the pension fund exists (which you have not denied), (3) Where are the annual pension fund statements? (Employees should receive a statement each year.) (4) Let the employees know the following (a) which employees are vested (cannot cash out the pension fund and must wait until the age of 60 or 65 and (b) those employees who can cash out the fund.
Mr. Finlayson, retired Bahamians cannot survive on National Insurance. Retired Bahamians cannot survive on National Insurance and the Prescription Plan. They need additional income to survive. The additional income is the pension fund.
On City Markets staff 'want to have cake and eat it, too'
Posted 20 April 2012, 9:51 p.m. Suggest removal
Arob says...
This comment was removed by the site staff for violation of the usage agreement.
On Call for government to come clean on oil
Posted 20 April 2012, 9:38 p.m.