The whole country crying out for help.. but at least more ppl in Nassau working now

TalRussel do you ever post anything with common sense?

There has been some 90 stabbing in London, some fatal, in just a matter of hours. In most all of the incidents both the victims and the perpetrators of the crimes were young black men. Gangs, it is claimed, warring with each other. The problem in London is both the law makers and law enforcement are hesitant to talk bold steps to curb the violence and to attack the gangs that create it. They don’t want to appear to be racist. Here in the Bahamas the weapon of choice is the hand gun and assault rifles from time to time. Apparently guns are more available in this country than in London. And since the law markers, criminals and victims are mostly black, the question of being politically correct does not arise. And the fitfty percent reduction in murders did not come with an easy price and Marvin Dames and his crime fighting team still has a lot of work cut out for them. Zero tolerance when it comes to murder. And swift justice for cold blooded killers. And the Bahamian public must also be involved.

The government's effort to make a positive change and a significant economic impact in the 'over the hill' area is a good idea that should be given support on all fronts and fro all quarters. When low income communities get money they spend it immediately and it filters through the rest of the economy. causing everyone else to benefit. But for the program to have a significant impact the area benefiting from the venture has to be large enough to economic boost to the economy. One would have thought the targeted area would have been between Nassau Street in he West to Collins Avenue at least in the East and to Robinson Road in the South.

Sheeprunner you continue to demonstrate your raw ignorance. Tourism is what almost singlehandedly built the city of Freeport. Even when a lot of other industries failed, Tourism was still booming. But Freeport made a number of missteps. One is it overpriced itself, very much so. Another is that even though it was an upscale destination it tried to lure the cruise ship passengers. They came in numbers but they spent little or no money. And this led to an even greater demise of Freeport. And thirdly even the upscale US market has not yet recovered from the 2008 recession. Many properties in Freeport were left abandoned because it was cheaper to reclaim them than to maintain them unoccupied for 10! Years. The tourist industry is also changing. Evolving so to speak. When you go to properties like Bah Mar and Atlantis you hardly see any foot traffic beyond the gate. Just people being picked up or dropped off. Some don’t leave the property until they are headed back to the airport. So only the one hotel property on which they stay benefits from their visit

The biggest problem The Bahamas face is the absence of the multiplier effect of money. That simply is the number of times a dollar changes hands before it leaves the economy. In the Jewish community a dollar turns over 13 times and in the mainstream USA a dollar turns over 9 times and about 7 times in China. In The Bahamas money comes into the economy and goes right out and so there is little or no multiplier effect so that is why it is so difficult to grow the economy. There is too much consumption and not enough investment. And in the tourist industry it is estimated that 95 cents of every dollar spent leaves the country. Most that is left is salaries, utilities and taxes. So while tourism may be listed as a multi billion dollar industry, the benefits to the country are minimal. The same with fishing and farming. There is very little processing, packaging and redistribution involved. And much of what is produced locally goes to service the tourists industry. And natural resources like salt and aragonite leaves the country without any contribution to the economy. To effectively grow the GDP and the wealth of the country and the wealth of the masses of the people, these things have to be fixed.

you sound like a jackass sheeprunner

Ok let’s start with the GDP for Lyford Cay and Old Fort Bay then Albany. So now you see your statement makes no sense. The wealthiest communities may contribute little or nothing to the local GDP. In fact even most of their consumption may be foreign and therefore excluded.

Looks like Mychal Thompson... good luck !

Well actually the entire tourist sector is up. Atlantis, Sandals and also the resorts in Abaco Eleuthera and Exuma. Maybe a spin-off from the hurricane damage in the Caribbean, but hopefully it is a turn around the bend to a rebound.