**"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.
The last third of the article sums it all up. We all know that the government does not have the will to do what Moody says is necessary sooooo down grade here we come.
"Most Bahamians, particularly men who only have high school diplomas, were terrified by the prospect of the massive influx of university educated foreign males into The Bahamas after marrying Bahamian women. We were afraid that these educated foreigners would literally take over the country, relegating the uneducated among us to the back-burner. Most Bahamian women who have been educated abroad will most likely settle for a foreign male who has a college degree, rather than a Bahamian plumber, cab and jitney driver, waiter or construction worker, which is her God-given right."
Birdie can't help it. Birdie is a classic PLP supporter. A classic example of how poor our education system is. Birdie is incapable of a thought process as our school system teaches rote. No one is asked to think things through. The PLP relies on the Birdies of life to vote them back in. Birdie who can't think for themselves are the very foundation of the PLP support. You go Birdie, look for your hand out and your subservient existence.
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
Economist says...
The last third of the article sums it all up. We all know that the government does not have the will to do what Moody says is necessary sooooo down grade here we come.
On Bahamas locked into low growth by ‘rigidities’
Posted 6 March 2016, 10:20 p.m. Suggest removal
Economist says...
By law you have to be 30 to be a Senator. That is old enough.
Do you say that Sir Lyndon was to young to be in politics in the 1950's?
Do you feel that Sir Lyndon at 26 was not a wise person when he won the leadership as Party Leader in the House of Assembly?
On FNM Senator finally gives public apology
Posted 4 March 2016, 9:57 p.m. Suggest removal
Economist says...
"Most Bahamians, particularly men who only have high school diplomas, were terrified by the prospect of the massive influx of university educated foreign males into The Bahamas after marrying Bahamian women. We were afraid that these educated foreigners would literally take over the country, relegating the uneducated among us to the back-burner. Most Bahamian women who have been educated abroad will most likely settle for a foreign male who has a college degree, rather than a Bahamian plumber, cab and jitney driver, waiter or construction worker, which is her God-given right."
How sad is that?
I will be voting "yes" for the Bahamian woman.
On Why I will be voting no
Posted 4 March 2016, 9:40 p.m. Suggest removal
Economist says...
15% Vat can't save us.
On Moody’s alarm over Bahamas’ ‘rapid debt accumulation’
Posted 4 March 2016, 9:33 p.m. Suggest removal
Economist says...
Birdie can't help it. Birdie is a classic PLP supporter. A classic example of how poor our education system is. Birdie is incapable of a thought process as our school system teaches rote. No one is asked to think things through. The PLP relies on the Birdies of life to vote them back in. Birdie who can't think for themselves are the very foundation of the PLP support.
You go Birdie, look for your hand out and your subservient existence.
As they say "ignorance is bliss".
On PM ‘can’t take credit for referendum’ after campaigning against 2002 vote
Posted 4 March 2016, 9:30 p.m. Suggest removal