Good letter. They need to tighten up controls that currently allow 25% of all money aimed at health care being wasted. If they get NHI going they will just lose more money.
**"Still, Moody’s said: “We assess the Bahamas’ fiscal strength as ‘low ’, owing to its relatively high debt burden – partially offset by moderate debt affordability, a captive domestic investor base, and a favourable maturity profile. “The debt-to-GDP ratio exceeds the Baa median (42 per cent), having more than doubled over the last decade to 67.8 per cent by end-2015."**
Standard & Poors will down grade us first and Moody has set out why it will be right behind.
We must stop the waste. This is very serious. Junk Bond status means the interest rates that government borrows at will double.
Economist says...
We desperately need an Ombudsman. The Central Bank is not doing its job. It issues the License and then goes to sleep.
On Ombudsman urged to resolve bank disputes
Posted 14 March 2016, 5:42 p.m. Suggest removal
Economist says...
Good letter. They need to tighten up controls that currently allow 25% of all money aimed at health care being wasted. If they get NHI going they will just lose more money.
On Problems with the NHI Bill
Posted 13 March 2016, 4:50 p.m. Suggest removal
Economist says...
**"Transparency**" is a word that is **not in this governments vocabulary**.
On Bran: Disclose all investor contracts
Posted 9 March 2016, 8:57 p.m. Suggest removal
Economist says...
MSC is not a big enough company to really get the Port Area up and running properly.
BlackRock was a much better choice. Much better able to turn the GBPA around not just keep it afloat.
Hundreds of millions needs to be spent, in addition to the hundreds of millions on the Container Port expansion.
On Gov’t pushes MSC purchase of GBPA
Posted 9 March 2016, 8:54 p.m. Suggest removal
Economist says...
You would be glad to fly on Bahamasair?
So you don't mind spending over $3,200.00 dollars for every hour it exists? Yup, that what it costs.
I guess that you are also very happy with all the waste throughout government.
You will be looking forward to the downgrade to junk bond status for the country.
On Bahamasair ‘like spoiled child’ on Business Licence
Posted 7 March 2016, 9:12 p.m. Suggest removal
Economist says...
**"Still, Moody’s said: “We assess the Bahamas’ fiscal strength as ‘low ’, owing to its relatively high debt burden – partially offset by moderate debt affordability, a captive domestic investor base, and a favourable maturity profile.
“The debt-to-GDP ratio exceeds the Baa median (42 per cent), having more than doubled over the last decade to 67.8 per cent by end-2015."**
Standard & Poors will down grade us first and Moody has set out why it will be right behind.
We must stop the waste. This is very serious. Junk Bond status means the interest rates that government borrows at will double.
On Moody’s report a ‘red flag’ alert
Posted 7 March 2016, 3:11 p.m. Suggest removal
Economist says...
Bahamasair should be shut down. There is no justification for its existence, no justification at all. Over $600 million in debt. For what????
On Bahamasair ‘like spoiled child’ on Business Licence
Posted 7 March 2016, 3:06 p.m. Suggest removal
Economist says...
Didn't we sign some international agreement not to kill sharks anymore?
Oh yes, I forgot Government doesn't adhere to the treaties it signs, just as Alfred Gray and the dolphins at Blackbeard's Cay.
On KILLING OF TIGER SHARK CONDEMNED BY BNT
Posted 7 March 2016, 1:51 p.m. Suggest removal
Economist says...
Leadership is not there. FNM needs a new leader.
Who do I vote for Minnis or Christie, Minnis or Christie????? Bran???, maybe.
On SENATOR’S PUBLIC APOLOGY IS ‘TOO LITTLE TOO LATE’ SAYS MP
Posted 7 March 2016, 1:46 p.m. Suggest removal
Economist says...
The good Minister has been silent on the Bank of Bahamas bad loans.
Once again they are trying to deflect attention from the real problems.
On ‘DON’T MAKE SCAPEGOATS OF STUDENTS’
Posted 7 March 2016, 1:42 p.m. Suggest removal