Comment history

DonAnthony says...

Of course Mr. Anderson has some very unhappy people because these registered stocks were not allocated in a fair manner. Rather than filling the various tranches from the bottom up which would ensure that small investors had their allocations filled and the widest investor base possible, the much sought after tranche of 7.5 million @ 6.25% was already allocated to select large private investors and institutional investors before the average investor could put in their order. Fidelity only contacted me after saying that the 7.5 million was already filled. This is unjust, and the govt should not allow govt bonds to be allocated in such a way. It is also contrary to the egalitarian way the central bank allocated the bonds.

DonAnthony says...

Get some perspective and wake up! Complaining about a partially blocked out cuss word in our current situation is like complaining that your bed is not made while your house is burning down. The middle class in this country is being taxed and squeezed to death. Corruption and incompetence and crime are destroying our way life and I am angry too. We have way bigger problems than a little cuss word.

On ‘The s*** has hit the fan’

Posted 9 December 2014, 5:29 p.m. Suggest removal

DonAnthony says...

Fred Smith and Joe Darville are two of the finest Bahamians I have seen. While I certainly do not agree with everything Fred Smith says I admire his passion and fearlessness. They give voice to the voiceless and stand up for the marginalized and disenfranchised in our country on a myriad of human rights and environmental issues. I am sure this is at great personal cost and risk to themselves. In fact it makes me ashamed of my own cowardice and apathy as well as that of most Bahamians. They are real bahamian heroes.

DonAnthony says...

Well it is not so simple. If the judiciary was working properly, leading to the incarceration of these many serious prolific offenders, where would we put them? The most urgent need is for a new, modern prison with at least 2-3 times our current capacity. Our current prison was designed to house 800 inmates and it regularly exceeds 1800 on any given day. I visited the maximum security section of our prison for one day and was shocked and nauseated. Indeed I came home, threw my clothes in the wash, showered and slept for 3 hours. It was in the summer and each 6x6 cell had up to 5 persons in it, with a slop bucket usually not emptied for the day. Men were pleading and begging for water. They were absolutely drenched in sweat and the scent was nauseating and indescribable. in short what I saw was human beings housed like animals. Some may say this is good, but I say if we dehumanize someone for years and treat them like animals, how can we expect when they are released that they will suddenly assimilate themselves in a healthy manner in society. We need to upgrade the facilities to a humane level and offer true rehabilitative programs, it is in our own best interest otherwise we will have a very high rate as we currently do of recidivism.

DonAnthony says...

I am no constitutional lawyer, but the way I understand it is that the bahamian constitution is the highest law in the land. Indeed, parliament can pass no law that violates the constitution. What the privy council is saying (quite creatively in my opinion ) as the final interpreter and arbiter on constitutional issues is that unless a murder is the " worst of the worst" then capital punishment is a violation of the bahamian constitution and can not be carried out. The privy council has set the bar so high for a case to qualify as the worst of the worst that for all practicalities no case would ever qualify therefore it is impossible to enforce the death penalty in the bahamas.

DonAnthony says...

As an example of swift judicial action and what is possible, several years ago in England there was a large riot. 3000 persons were charged with various criminal acts. Extra judges were added and the courts operated 24/7. Literally at 3 a.m. in the morning cases were heard. Needless to say in one week all 3000 cases were adjudicated. We need that here if we are serious. Justice must be swift and it must be seen to be done, otherwise we have our current situation where no one respects the law as they know there is very little chance they will be punished for their crime.

DonAnthony says...

Crime and the fear of crime are destroying the quality of life in this country. Everyone is fear and it is a terrible way to live. While our police force leaves a lot to desired, in terms of more training and a reduction in corruption, most of our problems lie in an antiquated, dysfunctional judicial system. It is unacceptable to have such a backlog that it takes a minimum of three years for a murder trial to be heard. The result is serious criminals are released on bail as they have a right to have their case heard in a timely manner and can not be incarcerated while waiting for their trial. Victims and their families see that there is no justice in this and it leads to retaliatory crime. The courts do not dispense justice in a timely manner so people take the matter in their own hands. We needs courts that operate 24/7 until this backlog is cleared.

DonAnthony says...

These are very serious allegations. Will this be properly investigated? The senior police officer should know who these hooligans are and if they had no permit charge them before the courts. We can not allow those who are simply exercising their right to free speech and protest be threatened in a democratic society.

DonAnthony says...

It is true an investor should go in with the realization that they will be a minority investor, with no real influence over the direction of the company. No doubt we need minority shareholder protection regulation in this country, that is sorry lacking just look at the mess with Bahamas supermarkets. At the same time it is an opportunity to buy into a very well run company which has a bright future. Emera purchased their last tranche of shares at $8.20 and shares are currently trading at 5.11 so on the face of it, it is a strong buy. Like all investments however, never buy anything you do not understand (and always do your own research). By the way Bahamians have been able to buy shares in gbpc through icd utilities since 1996, so you must not read the newspapers very much!

DonAnthony says...

Tal gbpc is not a wholly foreign owned company. I analyze bahamian companies for a living. 19.6% of the company is in private Bahamian hands through a publicly traded holding company called ICD utilities. If you want you can buy these shares Monday on Bisx and get your piece of the pie. This company is a great investment for any bahamian. So again, please educate yourself before you make false, ignorant statements.