This is what happens when you have elected officials who are incapable of understanding how to run a country.
They clearly do not understand how the International Rating Agencies work.
They do this for over one hundred countries. They are the ones who set the standards. It just shows how poorly we compare with the other countries in the world.
Some things are definitely not better in The Bahamas.
It is very difficult to borrow if you are not rated by one or more of the three Rating Agencies.
It is not for them to understand you but for you to understand them.
They do this for well over one hundred countries so they know what they are looking for. It is The Bahamas Government's duty to see that the rating of the Country is as high as possible in order to keep the cost of borrowing down.
This government has totally ignored the warnings. They have deliberately driven the country into the ground for their own personal reasons (including giving jobs to get re-elected by keeping dead weight corporations like Bahamasair $550 Million down the drain).
The only ones who failed to properly take in to account anything, was the government.
Whilst I may not agree with the appointment, I have a big problem with some "old has been" Maurice Moore dribbling his long, very long, out of date ideas to the Press.
I dislike the way Moore, CA, Thompson and the other "has beens" have hijacked the FNM. How they have stymied the growth of the party by keeping it OLD.
They should have encouraged a majority of young (under 50's) to run the party. If they had done that the face of the FNM would be very different today. There would have been no doubt about the outcome of the upcoming election; the PLP would know that they were out.
Because of Maurice Moore et a,l all we have are two identical parties plp=fnm=plp.
Any amendments to the Act must be sensible and take into consideration the effect that it will have on Direct Foreign Investment. With the downgrade the game has changed.
If we don't get more FDI quickly the Bahamian Dollar will have to be devalued.
Worker productivity will have to be included in anything the Unions do.
The threat of devaluation is very real. Most Bahamians have no idea the impact of Junk Bond status has.
Greece, however, gives a shining example of a country, like The Bahamas, who does not control its spending or collect all its taxes due to various corrupt or inefficient practices and a desire to hold onto government corporations and operations.
Economist says...
If you are focused on election then why are you wasting time on LBT etc?
It is because you are an old "has been" who knows no better.
That is why you are no different from thePLP. PLP=old=FNM=old=PLP
On Collie says FNM is focused on election, not "career politicians and back room deals"
Posted 23 December 2016, 9:14 p.m. Suggest removal
Economist says...
Thank you Mr. Campbell for your comments. We know that you gave these to Government and they ignored them.
The march of protest must go on.
We must also give more support to Mr. Campbell in his efforts to clean up this Country.
On Freedom of Information Bill ‘a missed opportunity’
Posted 23 December 2016, 12:22 p.m. Suggest removal
Economist says...
This is what happens when you have elected officials who are incapable of understanding how to run a country.
They clearly do not understand how the International Rating Agencies work.
They do this for over one hundred countries. They are the ones who set the standards. It just shows how poorly we compare with the other countries in the world.
Some things are definitely not better in The Bahamas.
On Govt’s fixation on Baha Mar sending ‘dangerous message’
Posted 22 December 2016, 3:29 p.m. Suggest removal
Economist says...
It is very difficult to borrow if you are not rated by one or more of the three Rating Agencies.
It is not for them to understand you but for you to understand them.
They do this for well over one hundred countries so they know what they are looking for. It is The Bahamas Government's duty to see that the rating of the Country is as high as possible in order to keep the cost of borrowing down.
This government has totally ignored the warnings. They have deliberately driven the country into the ground for their own personal reasons (including giving jobs to get re-elected by keeping dead weight corporations like Bahamasair $550 Million down the drain).
The only ones who failed to properly take in to account anything, was the government.
On PM: We must prove S&P wrong on downgrade
Posted 22 December 2016, 3:25 p.m. Suggest removal
Economist says...
Whilst I may not agree with the appointment, I have a big problem with some "old has been" Maurice Moore dribbling his long, very long, out of date ideas to the Press.
I dislike the way Moore, CA, Thompson and the other "has beens" have hijacked the FNM. How they have stymied the growth of the party by keeping it OLD.
They should have encouraged a majority of young (under 50's) to run the party. If they had done that the face of the FNM would be very different today. There would have been no doubt about the outcome of the upcoming election; the PLP would know that they were out.
Because of Maurice Moore et a,l all we have are two identical parties plp=fnm=plp.
On Moore slams Butler-Turner for appointing Moncur to Senate
Posted 21 December 2016, 9:39 p.m. Suggest removal
Economist says...
Good comment!
On Unemployment rate drops 1.1 per cent to end of October
Posted 21 December 2016, 9:20 p.m. Suggest removal
Economist says...
Any amendments to the Act must be sensible and take into consideration the effect that it will have on Direct Foreign Investment. With the downgrade the game has changed.
If we don't get more FDI quickly the Bahamian Dollar will have to be devalued.
Worker productivity will have to be included in anything the Unions do.
On Union focused on law changes, not Labour Minister
Posted 21 December 2016, 7:22 p.m. Suggest removal
Economist says...
I agree with Banker, Baha Mar won't save The Bahamas.
The government MUST reign in spending or we are doomed.
On Govt slams S&P for ignoring $1bn Baha Mar impact
Posted 21 December 2016, 4:48 p.m. Suggest removal
Economist says...
The government thought that they could hold this off until after the next election.
Now they have to worry about the devaluation of the Bahamian Dollar, though that is unlikely to occur for several months.
On Govt slams S&P for ignoring $1bn Baha Mar impact
Posted 21 December 2016, 4:17 p.m. Suggest removal
Economist says...
The threat of devaluation is very real. Most Bahamians have no idea the impact of Junk Bond status has.
Greece, however, gives a shining example of a country, like The Bahamas, who does not control its spending or collect all its taxes due to various corrupt or inefficient practices and a desire to hold onto government corporations and operations.
On Bahamas receives ‘junk’ Xmas present from S&P
Posted 21 December 2016, 4:14 p.m. Suggest removal