Many individuals do not see the implications of this bill. Although I personally will be better-off if this bill was to be passed, I strongly disagree with what the government is proposing.
It is amazing that a lot of people are arguing for the right to lose money and enrich the owners of the casinos. The cliche, "the house always wins" still holds true based on my last statistical course. The government should setup a casino only for Bahamians into to benefit those who believe the odds are in their favour. I would love to see the same level of enthusiasm towards improving our educational or judicial system.
Playing numbers is a losing proposition. Given the mass amounts of wealth that Number Houses are accumulating, its a clear indication that the society is not properly educated and does not understand probabilities. Unlike individuals that play poker and blackjack that consistently make money due to an edge they have, playing numbers gives the number houses the edge.
Whenever gambling is legalize, hopefully I can team up with some individuals to open up a legal Number house. Because the money is made running this business, not playing it!
If there were 3 rates within the Bahamas, would the current rate be for manufacturing businesses or residential housing? The businessmen noted above in the article automatically assumed that if there were three categories for rates that their electricity bill will be lower. One can also assume that the manufacturing sector would have the lowest rates in that range, therefore, manufacturing businesses bills won't change. But, that would mean that residential housing would have higher interest rates that currently exist today.
To the author of the article, I respectful recommend that in future articles that an attempt be made to substantiate the claims made by the individuals that are quoted within an article. Mr. Roberts stated, " “From what I am hearing corn is going up about 30 per cent", it is relatively easy for you to go to CBOT website (the futures exchange where corn is traded) and provided a month-over-month data. For example. Corn Dec contract has increased from approximately $5.50 per bushel of unit (bu) in June to over $8/bu for July. This information can be obtained from a Bloomberg terminal that the Tribune should have access to. If not, use the partnership with the Nassau Guardian and request the information from CFAL. Just a suggestion.
Hey Guys, Keep doing ya thing! Be encouraged and continue to put in the long hours that is needed to be number 1!!! Maybe we will see yall in another Step Up movie.
Is there a paper or study produced by BCCEC or another organization that addresses why the cost of borrowing is high in the Bahamas? A proper study on this would be valuable in understanding the situation. World interest rates are extremely low, however, that has not trickled down to the Bahamas. Why is that? The Caribbean has historically had large interest rate spreads since this region is deemed to be Third World. Purely from an economic point of view, interest rates reflect the level of risk implicit in a transaction. Therefore, it is rational for a lender to charge higher interest rates to Third World countries since the ability of repayment or the ability to legally recover the money is low or lacking. In an attempt to reduce the interest rates, the government may look at various factors such as, establishing a credit rating agency, improving the judicial system to allow for appropriate and timely recourse for companies lending money, enforce property rights, and liberalize the banking sector.
BaystreetTrader says...
Many individuals do not see the implications of this bill. Although I personally will be better-off if this bill was to be passed, I strongly disagree with what the government is proposing.
On Key Government adviser: Bill's 'fundamental contract challenge'
Posted 23 August 2012, 9:45 a.m. Suggest removal
BaystreetTrader says...
I'm loving this!!!! Keep doing your thing AVW, maintain that focus and embrace the moment!
On First chance of medal for Team Bahamas
Posted 3 August 2012, 4:19 p.m. Suggest removal
BaystreetTrader says...
I'm so excited for 2:30, can't wait to go down to the concourse to watch this. Let's go Bahamas!!!
On Team Bahamas off to a flyer
Posted 1 August 2012, 1:57 p.m. Suggest removal
BaystreetTrader says...
I'm sorry you didn't see the sarcasm in that statement!
On Bahamians ‘not disciplined enough’ to use casinos
Posted 30 July 2012, 8:04 a.m. Suggest removal
BaystreetTrader says...
It is amazing that a lot of people are arguing for the right to lose money and enrich the owners of the casinos. The cliche, "the house always wins" still holds true based on my last statistical course. The government should setup a casino only for Bahamians into to benefit those who believe the odds are in their favour. I would love to see the same level of enthusiasm towards improving our educational or judicial system.
On Bahamians ‘not disciplined enough’ to use casinos
Posted 29 July 2012, 6:37 p.m. Suggest removal
BaystreetTrader says...
Playing numbers is a losing proposition. Given the mass amounts of wealth that Number Houses are accumulating, its a clear indication that the society is not properly educated and does not understand probabilities. Unlike individuals that play poker and blackjack that consistently make money due to an edge they have, playing numbers gives the number houses the edge.
Whenever gambling is legalize, hopefully I can team up with some individuals to open up a legal Number house. Because the money is made running this business, not playing it!
On "Public's views matters, not those of the pastors"
Posted 25 July 2012, 7:58 a.m. Suggest removal
BaystreetTrader says...
If there were 3 rates within the Bahamas, would the current rate be for manufacturing businesses or residential housing? The businessmen noted above in the article automatically assumed that if there were three categories for rates that their electricity bill will be lower. One can also assume that the manufacturing sector would have the lowest rates in that range, therefore, manufacturing businesses bills won't change. But, that would mean that residential housing would have higher interest rates that currently exist today.
On Manufacturers call for separate, lower electricity rate
Posted 24 July 2012, 3:11 p.m. Suggest removal
BaystreetTrader says...
To the author of the article, I respectful recommend that in future articles that an attempt be made to substantiate the claims made by the individuals that are quoted within an article. Mr. Roberts stated, " “From what I am hearing corn is going up about 30 per cent", it is relatively easy for you to go to CBOT website (the futures exchange where corn is traded) and provided a month-over-month data. For example. Corn Dec contract has increased from approximately $5.50 per bushel of unit (bu) in June to over $8/bu for July. This information can be obtained from a Bloomberg terminal that the Tribune should have access to. If not, use the partnership with the Nassau Guardian and request the information from CFAL. Just a suggestion.
On Super Value chief warns on 6% food price increase
Posted 24 July 2012, 2:58 p.m. Suggest removal
BaystreetTrader says...
Hey Guys,
Keep doing ya thing! Be encouraged and continue to put in the long hours that is needed to be number 1!!! Maybe we will see yall in another Step Up movie.
On Dance crew hoping for Australia debut
Posted 5 July 2012, 10:07 p.m. Suggest removal
BaystreetTrader says...
Is there a paper or study produced by BCCEC or another organization that addresses why the cost of borrowing is high in the Bahamas? A proper study on this would be valuable in understanding the situation. World interest rates are extremely low, however, that has not trickled down to the Bahamas. Why is that? The Caribbean has historically had large interest rate spreads since this region is deemed to be Third World. Purely from an economic point of view, interest rates reflect the level of risk implicit in a transaction. Therefore, it is rational for a lender to charge higher interest rates to Third World countries since the ability of repayment or the ability to legally recover the money is low or lacking. In an attempt to reduce the interest rates, the government may look at various factors such as, establishing a credit rating agency, improving the judicial system to allow for appropriate and timely recourse for companies lending money, enforce property rights, and liberalize the banking sector.
On DNP co-chairman: country's high interest rates major deterrent for new businesses
Posted 22 June 2012, 2:27 p.m. Suggest removal