Comment history

BaystreetTrader says...

Which comment are you referring to? I do not see a comment here where anyone is saying that one should "kill off a 18 y/o". Majority of the above comments are advocating that this young man should suffer the consequences of his actions (i.e. not competing in National event).

BaystreetTrader says...

You don't have to imagine this scenario. In the 80s thousands of Bahamians were involved in the drug trade. Why didn't we legalized drugs then? Drug dealers helped their communities and gave money away too!!

On Christie dismisses 'Jackass' claim

Posted 18 January 2013, 7:51 a.m. Suggest removal

BaystreetTrader says...

Can you not replace gambling with homosexuality, prostitution, personal use of weed? These are all personal activities that would not harm anyone else. Do you disagree?

I completely understand Pastor Hall’s stance, however, that is the view of an objectivist like myself. The Word of God does not call us to be rational thinkers, which he stated, believers are called to “live by faith”. A rationale thinker would argue the economic benefits, adhering to popular culture, and having an ever changing perspective; in support of legalizing gambling. Being a follower of Christian is based on Christ-like principles and not on what is rationale, or even monetarily beneficial for a country.

As Pastor Hall suggest, let’s look at his article objectively. Within his first two paragraphs, Pastor Hall uses “however” and “but”, which weakens his stance of “living by faith” and “popularity does make an action right”. As a follower of Christ, I “assumed” one should make decisions, first, based on Christian-principles, and second, based on rationale thinking.

Pastor Hall also assumes that a “no vote” means that we keep the status quo. Although he may be correct based on the history of our past governments, individuals supporting the “No vote” campaign, can also petition the government to shut down the webshops.

Using Pastor Hall’s own words, the same arguments can be made to legalize homosexual marriages and prostitution, personal consumption of weed. For example:
• “but since it has existed for almost seven decades”
• “I believe the only way to help right this practice, is that since we cannot eliminate it we should regulate it.”
• “but it’s time for us, as progressive citizens, to move forward”
• “However, the reality is that almost half the Bahamian population engages in this practice”

My intent is to neither support nor argue against the “Yes or No Vote” campaign, but analyze the thought process used by public figures, of the lack thereof.

On Web shops: eliminate or regulate

Posted 14 January 2013, 10:31 p.m. Suggest removal

BaystreetTrader says...

A 60% success rate does not tell me anything about the actual performance of the Bahamas Venture Capital Fund. If the fund has invest more in the 40% of companies that failed than in the 60% of the companies that are successful, it would be at a lost. Therefore, the real question here is, what has been the return on the $4m that the fund has already used? Is it 2%, 3% or -10%? That is how the private industry measures it, not by the success rate of their investments. As Mr. Rolle said, the industry average is 10%, and these Venture Capital firms make money, how is that? That is because the 10% that is successful returns are normally in the hundredths , if not thousandth percent ranges. However, Mr. Rolle should be worried if he believes in mean reversion.

Another question I would like Neil to ask is, "How many companies have fully repaid the debt portion that they borrowed and how many equity investments has the Fund sold since inception? A Venture Capital Fund makes money on its equity investments when they are sold to a 3rd party. The simple statistic of 60% success rate does little to explain how the Fund has actually performed since inception.

On Venture fund seeks further $5m finance

Posted 26 November 2012, 1:24 p.m. Suggest removal

BaystreetTrader says...

Did anyone hear Mr. Gomez phone interview with one of the radio stations? This candidate could not remember the schools he taught at in the US and how long he was away from the Bahamas. If anyone heard this interview, it was clear from the lack of confidence and hesitation that Mr. Gomez's response is questionable.

I hope everyone is watching the US Presidential debate tonight. When will we in the Bahamas have similar debates?

BaystreetTrader says...

Rather than opening up the financial lending sector to new entrants, the government is attempting to "assist" those in need through bad policy. Lets wait and see how high mortgage rates will go. Bring on the Bahamian Credit Crunch!

BaystreetTrader says...

Boyy, you have to continue to read the bible for yourself!!

On Controversial pastor visit questioned

Posted 11 September 2012, 11:12 a.m. Suggest removal

BaystreetTrader says...

If those 3,000 delinquent mortgage borrowers voted for the PLP, do you think they would have voted differently given what they know now?

BaystreetTrader says...

Proud of you Dretti!!!

On 'Da Bahamian Dream'

Posted 28 August 2012, 2:08 p.m. Suggest removal

BaystreetTrader says...

Great to see organizations making donations to such charities.

On New roof for Ranfurly thanks to donations

Posted 27 August 2012, 12:23 p.m. Suggest removal