Comment history

John says...

Bernie Saunders says if he is elected President of the United States, not only will he release persons serving prison sentences for marijuana and other nonviolent offenders, but also ensure there records are expunged as quickly as possible so they can get a job and start their lives over. Donald Trump is already releasing up to 10,000 under a similar program, but here police are still stopping young men and searching, even in their drawers for marijuana. Would be interesting to see what the crime statistics will look like by years end after marijuana in that country will have been 100 % legal for a year. Part of the rationale behind the move was marijuana was the most smuggled substance across the Canadian border and caused many visitors not to be allowed back into Canada or residents who can no longer travel because of a record. And while taking marijuana across the Canadian boarder is still prohibited. Now boarder patrol would only confiscate if when found, like they do any other fruits, plants or vegetables. This may be a consideration for young tourists who visit this country.

John says...

You did mention that Cable's revenues increased to 250 million a year. Their explanation for the millions in losses is the build-out of the cable system in Florida and the build-out of the Aliv network here. (Is Cable involved in any way with the Fusion complex on Gladstone Road. And the rationale for their attempt to resume dividends by June is that both the Florida and Bahamas projects will be complete by then cutting down tremendously on expenses while the company continues to realize additional revenue. And while the company may be a half billion in debt that is only a payback of 25 million over a 20 year period or $50 million over ten years, if the company can realize the level of revenue if has projected with the corresponding profits. In the meantime, BTC seems to be digging a hole for itself (or allowing Aliv to dig it for them). Word is that BTC is having a cash flow problem and struggling to meet day to day expenses. It has changed top management several times since changing ownership and key staff continue to flee the company like a sinking ship. Of course the government should not allow BTC to go under, but being a private concern the decision is not theirs alone to make. And as early as the end of this year many networks will be upgrading to 5G internet speed. So basically as soon as Aliv is done installing its phone system across the islands it will have to start upgrading it.

John says...

A clear indicator that there is room for a profitable BoB in the market place still. Just put the controls in place to avoid the bank being raided gain and to protect it from political interference.

John says...

Taking some pressure of Bahamasait

John says...

Just don’t fishbag the Tourist, Mr Commissioner, or beat them and break they arm or leg, because we all need to sweep in front if we doors. And we need we hand and legs dem to sweep. And what team that was that went to Florida to play in a tournament, just last December and their van got broken in and their passports, cell phones and other personal items got stolen. At least the tourists are mostly safe here, and once you clean up your own force and stop your officers from beating innocent victims and putting false charges on them and profiling them they you will see a drastic reduction in crime, because the public will support the police in their efforts. And be wary of some of these foreign agents and agencies that claim they come here to assist with crime. Just check how they operate in their own country. Infiltrating gangs and instigating crime and violence among certain groups to get headlines then going back and using deadly force against them. Just read the reports that they put out saying over 163 gangs are active in the Bahamas. Who created the MS 18 gang and deposed them to South and Central America. That now deadly gang that Donald Trump is so afraid of? And guess why?

John says...

The first guy who recorded the video should have busted a side glass and made the rescue. A car that is not tinted heats up 7-8 time the outside temperature in a matter of minutes. And a child left in such a vehicle can be dead in a matter of t

John says...

And when the government continues to increase taxes on those (poor) Bahamians who are paying, they also create a greater windfall for the 40% who are not paying taxes.

John says...

there are several factors that are driving down the price of FOCOL shares. Firstly there is the unstable price of oil and the uncertainty it creates on the market. Even though FOCOL doesn't benefit from oli price increases per se, the instability can cause accounting problems. Secondly, there is the uncertainty of the future of oil and gas. Many countries have aggressive plans to switch to electric or renewable energy vehicles and while that push may not be as aggressive here the number of electric and solar/electric vehicles are increasing. And of course, there are the talks about the relationship between FOCOL and BPL. While Focol claims BPL only uses their terminals to transfer its fuel from ships to its storage containers, some believe that the rumors that FOCOL is supplying BPL with fuel to the tune of 1/2 Billion a year. And so they also believe the new agreement between for BPL to convert to LPG in 2020 will bring this agreement to a close, causing hundreds of millions in revenue loss for Focol.

John says...

> He revealed that the Minnis
> administration plans to probe why
> trade-related taxes declined
> year-over-year for the six months to
> end-December, suggesting that it
> likely reflected the completion of
> construction activity on major foreign
> direct investment (FDI) projects

There should be no big mystery why trade taxes has decreased in second half, 2018. APD is reporting that cargo, including used cars from Japan, are down significantly for that period and the only reason they were able to maintain a profit margin was that they cut expenses at the port by a significant amount. And so both revenue and expenses were down, allowing them to realize a profit.. And look at the number of stores that have closed in that period, many. And much of this decline in economic activity can be and is directly attributed to the increase in VAT. If the government increases the VAT by 60% and there is no real growth in the economy, then consumers must reduce their spending by an amount corresponding to the tax increase if they have no additional money to spend. And consumer behavior suggests that consumers will cut back on spending by an amount that is more than the effective tax increase. Just like when there is a tax break or decrease they will tend to spend more.

John says...

your bark has been duly noted

On ‘End this sexual violence epidemic’

Posted 1 March 2019, 2:42 p.m. Suggest removal