Emera could solve our electricity problems. They have already done it in grand Bahama where they built a new power plant in 2012, which because of increased efficiency reduced electricity bills and greatly reduced blackouts. The fuel surcharge this month for grand Bahama power company is less than 13 cents. The new plant has turbines that can run on natural gas which is the cleanest fossil fuel available. Emera has plans to ship natural gas to grand Bahama shortly, which will further reduce electricity bills and lead to a cleaner environment.

I agree with you completely. I have voted for 3 different parties the last 3 elections, simply to get the last bastards out. Our only options are voting for a terrible arrogant FNM or a really terrible corrupt PLP party. In this country we do not vote for a party, more so we vote against the terrible incumbent party. At least we have the sense to rotate them now every 5 years.

We were also told by Mr. Hanna and Mr. Davis that the building was insured and it was not. It was a bold faced lie so why would we believe anything these men have to say. Mr. Hanna deposit the $2.6 million in the treasury immediately, until then the Bahamian people do not believe a single word that comes out of your mouth. We are sick and tired of coverups, cronyism, and LIES.

How does the cost of the dorm increase more than 100% in a year? Not hard to see what is being done. The fix is in. The new building will cost 3 million, so the fraudulent contractor does not pay one cent for his dishonesty and the Bahamian taxpayer covers for this cronyism. Mr. Davis should really resign, we are sinking to new lows and the corruption stinks to high heaven.

This is the review, all bahamians should read this, it is a sobering warning of what can happen with a govt managed health program. We deserve so much better.

http://www.nib-bahamas.com/UserFiles/HT…

Administrative costs as a percentage of contributions in the Bahamas 21.6%, Barbados 5.2%, and Trinidad 4.9% - simply unbelievable mismanagement and wastage of precious pension funds!

Mr. Allen should familiarize himself with the last actuarial review done on NIB. Based on current contributions and benefits expended the fund will be insolvent by 2026. Fully 22% of contributions are consumed by administrative costs, by far the highest in the Caribbean. Barbados and even Jamaica by comparison are under 10%. In short NIB is a wonderful idea, it has helped many people, but it is terribly bloated and inefficient and has been mismanaged by successive governments. And this is the govt that he wants to manage a massive health care program? Truth is these funds should be sacred and managed by an independent management team free from govt interference. Instead govts have used NIB as a slush fund to pay for all manner of expenditures that have nothing to do with pensions. We can not afford a national health program until our beauracracy becomes honest, and efficient and with as minimal govt interference as possible. The 40 year track record of NIB gives us no such hope.

Do not be naive. There is no suspense here, all these operators know if they will get a license. The fix was in before the referendum and it is still in. Nothing is for free and you get what you pay for.

Very good point Tal which is why it pays to be honest, in a very real sense we all reap what we sow. Perhaps we need whistle blower legislation, that protects and rewards those who expose corruption and stealing from the public treasury. In the U.S. a whistle blower is entitled to a percentage of the funds recovered because of their action.

Do not forget Tal this is the same government that you want to implement a $600 million national health plan.. Mission impossible!

It is important to note that these are cable Bahamas preference shares ( as opposed to cable Bahamas ordinary shares). Preference shares (consider them corporate bonds) pay interest usually semi annually for the lifetime of the bond and at maturity you will receive back the principal.
It is possible for any Bahamian to purchase these shares. Simply open a brokerage account with either royal fidelity or Colina, or family guardian and ask them to purchase the shares for your account. Usually there is a minimum purchase ( can be as low as $1000 or as high as $50,000). There is no fee for you at the time of the share offering, as this will be paid by cable Bahamas as a fee to royal fidelity as the placing agent. There will be a fee however, if you choose to sell them before the preference shares have matured. Hope this helps.