This represents a watershed moment of the black Civil Rights movement, and this gentleman should go down in history alongside President Obama, Dr. Martin Luther King Jr. and Frederick Douglass.
This story should have taken up the entire front page of the Tribune newspaper. This is an unbelievable, jaw on the floor, achievement. That the tiny Bahamas would have achieved this milestone before all other countries is simply miraculous. I guess it takes having gone to a prestigious or Ivy League US University to know what a big deal this is.
This was the right course of action for sure. If you're sitting on a pile of gold, you don't just give up that gold at the first sign of discent; otherwise, you'll be a poor man in no time. Haters gonna hate. The way to deal with haters and disputes is through international bodies and courts - - that's what they're there for. The Bahamas took the "easy" way out and relied on people with more experience eating conch than with international disputes.
No way Dr. Sands should have resigned during the Covid 19 emergency. All hands on deck! Mistakes are made at WAR, but forces move ahead. The generals must hold their post; the captain shall NOT abandon ship, but stay course until the bitter end.
When, 20 years ago (wow time has flown!), the Bahamas Government first agreed to amend its banking privacy laws to comply with the new OECD anti-money laundering banking requirements and be removed from the black listing, it did so from a point of weakness. By amending its laws so quickly, it tacidly accepted that it was in the wrong and was a guilty actor. The Bahamas should never have moved to assume blame so quickly; there was no trial! The OECD never was required to clarify which international law The Bahamas broke and was, in fact, the law breaker by encroaching on the sovereignty of a sovereign nation. In other words, this entire black listing witch hunt was corrupted from the start and should never have been given the time of day by our Government, which acted like a Super Value packing boy and rushed to assist their colonial masters. It imprudently nurtured the beast that would devour it 20 years later!
It would be very interesting to see what would have happened if The Bahamas had never changed its laws from the very first OECD blacklisting. It is seeming likely that it would be in a better position for financial services than it is now.
The Bahamas' possible debt crisis has made the international financial press in an article entitled Puerto Rico 2.0 (Yahoo Finance & Bloomberg). The Article states that other Caribbean tourist dependent economies will be bailed out by their colonial overseers. Turks and Caicos and Bermuda economies will be bailed out by the UK and Aruba economy by the Netherlands. Poor Bahamas only has IMF to turn to for a bail out!!! Our independence now is seen as very shortsighted. According to the Article, Aruba is pushing to diversify its economy with the cultivation of medicinal cannabis (what about us????). See article here: www.finance.yahoo.com/news/puerto-rico-…
I think it's too early to say what impact CoronaVirus will have on realty. A tax cut is premature. I would wait until December to see what type of impact the virus has had or will have
At some point in the near future the s%#t is going to hit the fan and the Bahamas Government will be flat broke. It can't bail out the private sector for more than a few months and tourism isn't coming back anytime soon. The Bahamas needs to prepare for that time NOW. Food kitchens with beans and rice must be set up to ensure the people don't go hungry. It must construct shelters for all of the new homeless or pass a law preventing evictions. It must figure out how to continue to provide utilities to the penniless. It must find a source of industry and income that all the displaced hotel workers can engage in for profit.
BahamaPundit says...
Cannabis is the only close option and that still isn't a game changer. But it should have been done yesterday!
On Budget must be creative, warns Bowe
Posted 13 May 2020, 12:13 p.m. Suggest removal
BahamaPundit says...
This represents a watershed moment of the black Civil Rights movement, and this gentleman should go down in history alongside President Obama, Dr. Martin Luther King Jr. and Frederick Douglass.
On Mrs Obama praises Princeton first
Posted 12 May 2020, 10:43 p.m. Suggest removal
BahamaPundit says...
This story should have taken up the entire front page of the Tribune newspaper. This is an unbelievable, jaw on the floor, achievement. That the tiny Bahamas would have achieved this milestone before all other countries is simply miraculous. I guess it takes having gone to a prestigious or Ivy League US University to know what a big deal this is.
On Mrs Obama praises Princeton first
Posted 12 May 2020, 7:53 p.m. Suggest removal
BahamaPundit says...
This was the right course of action for sure. If you're sitting on a pile of gold, you don't just give up that gold at the first sign of discent; otherwise, you'll be a poor man in no time. Haters gonna hate. The way to deal with haters and disputes is through international bodies and courts - - that's what they're there for. The Bahamas took the "easy" way out and relied on people with more experience eating conch than with international disputes.
On "Tell Europe that enough is enough"
Posted 9 May 2020, 12:03 p.m. Suggest removal
BahamaPundit says...
No way Dr. Sands should have resigned during the Covid 19 emergency. All hands on deck! Mistakes are made at WAR, but forces move ahead. The generals must hold their post; the captain shall NOT abandon ship, but stay course until the bitter end.
On Divided views on Sands' decision to resign
Posted 8 May 2020, 6:47 p.m. Suggest removal
BahamaPundit says...
When, 20 years ago (wow time has flown!), the Bahamas Government first agreed to amend its banking privacy laws to comply with the new OECD anti-money laundering banking requirements and be removed from the black listing, it did so from a point of weakness. By amending its laws so quickly, it tacidly accepted that it was in the wrong and was a guilty actor. The Bahamas should never have moved to assume blame so quickly; there was no trial! The OECD never was required to clarify which international law The Bahamas broke and was, in fact, the law breaker by encroaching on the sovereignty of a sovereign nation. In other words, this entire black listing witch hunt was corrupted from the start and should never have been given the time of day by our Government, which acted like a Super Value packing boy and rushed to assist their colonial masters. It imprudently nurtured the beast that would devour it 20 years later!
On EU blacklists over money laundering
Posted 7 May 2020, noon Suggest removal
BahamaPundit says...
It would be very interesting to see what would have happened if The Bahamas had never changed its laws from the very first OECD blacklisting. It is seeming likely that it would be in a better position for financial services than it is now.
On "Tell Europe that enough is enough"
Posted 6 May 2020, 9:19 p.m. Suggest removal
BahamaPundit says...
The Bahamas' possible debt crisis has made the international financial press in an article entitled Puerto Rico 2.0 (Yahoo Finance & Bloomberg). The Article states that other Caribbean tourist dependent economies will be bailed out by their colonial overseers. Turks and Caicos and Bermuda economies will be bailed out by the UK and Aruba economy by the Netherlands. Poor Bahamas only has IMF to turn to for a bail out!!! Our independence now is seen as very shortsighted. According to the Article, Aruba is pushing to diversify its economy with the cultivation of medicinal cannabis (what about us????). See article here: www.finance.yahoo.com/news/puerto-rico-…
On Govt warns of $800m deficit
Posted 22 April 2020, 7:04 a.m. Suggest removal
BahamaPundit says...
I think it's too early to say what impact CoronaVirus will have on realty. A tax cut is premature. I would wait until December to see what type of impact the virus has had or will have
On Realtors look for tax cuts
Posted 15 April 2020, 9:19 a.m. Suggest removal
BahamaPundit says...
At some point in the near future the s%#t is going to hit the fan and the Bahamas Government will be flat broke. It can't bail out the private sector for more than a few months and tourism isn't coming back anytime soon. The Bahamas needs to prepare for that time NOW. Food kitchens with beans and rice must be set up to ensure the people don't go hungry. It must construct shelters for all of the new homeless or pass a law preventing evictions. It must figure out how to continue to provide utilities to the penniless. It must find a source of industry and income that all the displaced hotel workers can engage in for profit.
On UPDATED: Bahamas rating under review for downgrade, says Moody's
Posted 12 April 2020, 3:39 a.m. Suggest removal