Minnis biggest downfall right now is he is letting an accountant dictate fiscal policy. And while this was effective in digging the country out of an economic abyss, the country has taken a severe nosedive into recession. Part being that the latest ‘pile on’ of taxes have driven the cost of living beyond reach of many. This has caused a downturn in spending which has resulted in many businesses swing reduced sales and reduced profits (or profits totally wiped out). They have, in turn laid off workers, and the cycle seems to want to keep repeating itself while going deeper and deeper into recession. Minnis must now, therefore, call up an economist or two and come up with plans to get the economy moving at a pace that creates real and sustainable growth. This may mean increasing or speeding up infractural works already in the pipeline to employ more cash flow. There must be tax incentives to local businesses to hire more workers and expand or open new businesses. Locally produced goods and services must be encouraged, supported and promoted. Enquirers must be made to find out why more of the tourist dollars are not trickling into the hands of Bahamians and staying in the country longer. Money has to exchange hands to generate new wealth. And for God Sakes, Minnis must tell the board and management of BPL to fix their problems. No body wants to invest in a country where the power supply is erratic or unreliable or too expensive. And consumers will not stock up on food supplies to spoil when BPL can’t keep the light on. So KP Turnquest can still do he accounting, but the country needs the direction of an economist right now.
No one will ever question that the vote of no confidence against PM Minnis will be defeated. Of 34 members there are three, maybe four, who are willing to break ranks and defy the party's stance. One may have since had his wings clipped, very close to the bone, so he has resorted to singing for his supper, and even dancing for it. Nevertheless, the fact is opposition sees need to bring this vote of 'no confidence' against the PM. And even whilst many on the government side may be voting in support of Minnis, they will neither be voting their conscience or voting the sentiments of their constituents. Many feel that Minnis has taken the big ship out on the open seas and not only lost his direction, but also his moral compass. But there is also still sufficient time for Minnis and his government to gain their bearings. all is not lost and many are still not yet ready to return to PLP governance.
Facts are government sent too many negative shockwaves into the economy that affected business profitability and consumer spending. Was it (government) chasing after additional revenue that did not exist? Would tax breaks and other incentives have been more effective in jumpstarting the economy and creating more growth and yes, more revenue for government? Seems that government tightened its belt around a skeleton economy and proceeded to strangle it even more, it not to death. So what now? Sit and wait for rigor mortis to set in or try other means to recessitate?
If you increase a tax by 60 percent in an economy where there is no growth, then there will be a corresponding decrease in spending to compensate for the tax increase. And if that tax is increased along with other taxes and along with other business inputs like transportation, freight, salaries and electricity, then there can be a greater, or even drastic reduction in consumption. So will government be better before or after the tax increase? For certain if the tax increases lead to more businesses shutting down and more persons becoming unemployed then the tax increase was unfavorable. And if consumers anticipate additional tax increases, higher prices and more loss of jobs then their low confidence level will also lead to less spending. Some will argue that people buy more when they expect future price increases, but in the cases of consumers on a strained budget spending will remain relatively in elastic simply because they don’t have the funds to go shopping after cheaper prices or ‘stocking up.’ As for future confidence that the economy will pice up, this is relative. Both consumers and businesses were hoping for a turn around in the economy since the recession hit in 2008. And whenever there is a little spurt in the economy, something like a increase in taxes, Hurricane or power outages come and knock away the positive benefits. As a matter of fact a tropical disturbance is head our way even as we speak
Strange that an ‘eyewitness ‘ monitored the crash with so much detail. In fact even went out in his boat in a search effort but failed to report the incident even to local authorities. Even though the helicopter in question is one that had issues with the tail end failing and causing crashes, this accident needs full investigation. But no report for fourteen hours on what was supposed to be an emergency trip.
And Don’t feels bass about da SKY’s. Many other businesses are failing because of the selective ad prejudice operating of This FNM government. Whether it is intentional or not. Minnis May have had (and May still have) good intentions for this country. Very food intentions. But the FNM gangsters have taken control of the government and the country. So while Minnis is busy with his stew fish, the average Bahia can’t eat dream about boiled fish. Tings really ruff jed, even for the non Black Bahamians dem.
Do you remember Trinity Airlines? They gave them licenses and permits and permission and approvals. But they stopped the aircraft from getting off the ground at every juncture. If you Black stay back,otherwise (you white) you flying right. How much has changed since then. Just read the posts on this thread to get your answer. So who was the exemption on aircraft and helicopters parts yo benefit? Ok then!
So can a $220 Millon BTC be profitable? Can a revenue downgraded BTC still not offer quality service in the face of competition and still offer staff decent pay with significant benefits? When the auto manufacturers decided to pull out of Detroit, Kentucky and other US states, little did they know that not only would they be eating out the heart of America and enriching other countries. And when they decided to come back decades later, at the beckoning of Donald Trump, did the realization that the synergies for competitive production of automobiles no longer exist. Will the two phone companies now ask for foreign workers to replace Bahamian employees. They have outsourced as much as the work as they can. already.
John says...
Wouldn’t forcing McAlpine to resign from the FNM show reasons for a vote of no confidence in a Minnis?
On McAlpine urged to resign from FNM
Posted 6 August 2019, 1:04 p.m. Suggest removal
John says...
Minnis biggest downfall right now is he is letting an accountant dictate fiscal policy. And while this was effective in digging the country out of an economic abyss, the country has taken a severe nosedive into recession. Part being that the latest ‘pile on’ of taxes have driven the cost of living beyond reach of many. This has caused a downturn in spending which has resulted in many businesses swing reduced sales and reduced profits (or profits totally wiped out). They have, in turn laid off workers, and the cycle seems to want to keep repeating itself while going deeper and deeper into recession. Minnis must now, therefore, call up an economist or two and come up with plans to get the economy moving at a pace that creates real and sustainable growth. This may mean increasing or speeding up infractural works already in the pipeline to employ more cash flow. There must be tax incentives to local businesses to hire more workers and expand or open new businesses. Locally produced goods and services must be encouraged, supported and promoted. Enquirers must be made to find out why more of the tourist dollars are not trickling into the hands of Bahamians and staying in the country longer. Money has to exchange hands to generate new wealth. And for God Sakes, Minnis must tell the board and management of BPL to fix their problems. No body wants to invest in a country where the power supply is erratic or unreliable or too expensive. And consumers will not stock up on food supplies to spoil when BPL can’t keep the light on. So KP Turnquest can still do he accounting, but the country needs the direction of an economist right now.
On No-confidence vote? Bring it on
Posted 30 July 2019, 2:25 p.m. Suggest removal
John says...
No one will ever question that the vote of no confidence against PM Minnis will be defeated. Of 34 members there are three, maybe four, who are willing to break ranks and defy the party's stance. One may have since had his wings clipped, very close to the bone, so he has resorted to singing for his supper, and even dancing for it. Nevertheless, the fact is opposition sees need to bring this vote of 'no confidence' against the PM. And even whilst many on the government side may be voting in support of Minnis, they will neither be voting their conscience or voting the sentiments of their constituents. Many feel that Minnis has taken the big ship out on the open seas and not only lost his direction, but also his moral compass. But there is also still sufficient time for Minnis and his government to gain their bearings. all is not lost and many are still not yet ready to return to PLP governance.
On No-confidence vote? Bring it on
Posted 30 July 2019, 10:04 a.m. Suggest removal
John says...
Facts are government sent too many negative shockwaves into the economy that affected business profitability and consumer spending. Was it (government) chasing after additional revenue that did not exist? Would tax breaks and other incentives have been more effective in jumpstarting the economy and creating more growth and yes, more revenue for government? Seems that government tightened its belt around a skeleton economy and proceeded to strangle it even more, it not to death. So what now? Sit and wait for rigor mortis to set in or try other means to recessitate?
On Business optimism up but profits fall for 57%
Posted 30 July 2019, 3:13 a.m. Suggest removal
John says...
If you increase a tax by 60 percent in an economy where there is no growth, then there will be a corresponding decrease in spending to compensate for the tax increase. And if that tax is increased along with other taxes and along with other business inputs like transportation, freight, salaries and electricity, then there can be a greater, or even drastic reduction in consumption. So will government be better before or after the tax increase? For certain if the tax increases lead to more businesses shutting down and more persons becoming unemployed then the tax increase was unfavorable. And if consumers anticipate additional tax increases, higher prices and more loss of jobs then their low confidence level will also lead to less spending. Some will argue that people buy more when they expect future price increases, but in the cases of consumers on a strained budget spending will remain relatively in elastic simply because they don’t have the funds to go shopping after cheaper prices or ‘stocking up.’ As for future confidence that the economy will pice up, this is relative. Both consumers and businesses were hoping for a turn around in the economy since the recession hit in 2008. And whenever there is a little spurt in the economy, something like a increase in taxes, Hurricane or power outages come and knock away the positive benefits. As a matter of fact a tropical disturbance is head our way even as we speak
On Business optimism up but profits fall for 57%
Posted 29 July 2019, 6:57 p.m. Suggest removal
John says...
Strange that an ‘eyewitness ‘ monitored the crash with so much detail. In fact even went out in his boat in a search effort but failed to report the incident even to local authorities. Even though the helicopter in question is one that had issues with the tail end failing and causing crashes, this accident needs full investigation. But no report for fourteen hours on what was supposed to be an emergency trip.
On Helicopter crash that killed seven happened shortly after take off
Posted 29 July 2019, 6:59 a.m. Suggest removal
John says...
So Aliv now looking to reap profits. Watch out for skyrocketing prices then.
On Aliv: 'Growth at all costs' has finished
Posted 24 July 2019, 6:37 p.m. Suggest removal
John says...
And Don’t feels bass about da SKY’s. Many other businesses are failing because of the selective ad prejudice operating of This FNM government. Whether it is intentional or not. Minnis May have had (and May still have) good intentions for this country. Very food intentions. But the FNM gangsters have taken control of the government and the country. So while Minnis is busy with his stew fish, the average Bahia can’t eat dream about boiled fish. Tings really ruff jed, even for the non Black Bahamians dem.
On Sky Bahamas in fight to survive: Flights grounded and airline could face total collapse
Posted 23 July 2019, 10:34 p.m. Suggest removal
John says...
Do you remember Trinity Airlines? They gave them licenses and permits and permission and approvals. But they stopped the aircraft from getting off the ground at every juncture. If you Black stay back,otherwise (you white) you flying right. How much has changed since then. Just read the posts on this thread to get your answer. So who was the exemption on aircraft and helicopters parts yo benefit? Ok then!
On Sky Bahamas in fight to survive: Flights grounded and airline could face total collapse
Posted 23 July 2019, 10:24 p.m. Suggest removal
John says...
So can a $220 Millon BTC be profitable? Can a revenue downgraded BTC still not offer quality service in the face of competition and still offer staff decent pay with significant benefits? When the auto manufacturers decided to pull out of Detroit, Kentucky and other US states, little did they know that not only would they be eating out the heart of America and enriching other countries. And when they decided to come back decades later, at the beckoning of Donald Trump, did the realization that the synergies for competitive production of automobiles no longer exist. Will the two phone companies now ask for foreign workers to replace Bahamian employees. They have outsourced as much as the work as they can.
already.
On BTC warns staff – Time to get real: CEO tells unions to stop confrontation and accept change
Posted 22 July 2019, 6:42 p.m. Suggest removal