Comment history

John says...

That is the only way you can have a yard stick. You have to have a standard of comparison. The good thing here is that it wasn't the Bahamians who messed up on the construction and, as far as we know, it wasn't them who haven't been paid for three months. Construction is never easy.

John says...

How much does Sol Kerzner own at Atlantis now? Or

John says...

Ok Mr. Echo...but who else mentioned anything about politics, PLP, FMN, carnival party except you. Is the chip on your shoulder getting to heavy for ya?

John says...

Well according to e govern, the stand off is between the contractors (shoddy work) and the owners (lack of funds). According to Christie the government already made substantial contributions to the project and two things that cannot afford to happen is (1) the project is abandoned and left incomplete. (2) It ends up in the hands of government vis a vis the hotel corporation. We know in the second instance it will become a white elephant and another drain on the public purse, which is already empty. But again I still feel like you wanted the PM and his government to drop everything else and deal with Bah Mar. This project is already a large fish in a small pond and it may be operating for years without making a profit. What happens then, if the government (Christie) ignores everything else to birth and babysit Bah Mar?

John says...

I don't see any reason why Leslie Miller could not be named to the new board. After all he does have working knowledge of BEC its relations with the union and he does keep the Bahamian public informed of what is going on at BEC even if he does it in his own colorful way. Who says there is anything wrong with enjoying your job.

On Miller: New BEC board in place soon

Posted 12 May 2015, 2:54 p.m. Suggest removal

John says...

Sounds so kindergarten. Guess you wanted to see the pm in construction hat and boots.

John says...

One thing Bah Mar needs to stop playing musical chairs about its opening day. Not only is this not sitting well with the guests who have booked the resort, but many Bahamians were expecting to by fully employed by the resort by not. They cannot continue to put their careers on hold with the expectation that the resort will open, only to find that it is delayed again. Bills don't come with extension dates.

John says...

Everyone suffering from post carnival blues....Praying for Wednesday to get over the hump..lol

On Carnival 'likely' a boost to economy

Posted 12 May 2015, 9:23 a.m. Suggest removal

John says...

As I indicated I last year the only way vat can be sustainable is the economy has to grow by as much as the Revenues VAT is drawing out. Otherwise the difference will result in a decline in business activity. Non essential goods and services will be hit hardest and those businesses that were not making the cut before the introduction of VAT will be the first to go under. While some businesses have adjusted their prices just slightly to cover the burden of accounting for the VAT tax and implementing it, businesses that adjust their prices too high will find themselves in an even worse financial position. The regulation and taxing of web shop have brought some stability to that sector of the economy as owners can now operate their businesses with confidence and under the protection of the law. Employees are no legitimately employed and now qualify for loans and other financial services. The large injection of new cash and employment that was expected from Bah Mar has not happened yet and unless something drastic happens between now and the time it opens many businesses will not survive until then.

John says...

The easiest way to explain this situation as the national debt spirals is to say that every Bahamian is paying premiums (in increased taxes) for living in the Bahamas. It is like paying the mortgage on a house for many years then going to the bank and being told that the principal still outstanding on the house is the same or more than the value of the house. In the situation of the house it would be unwise to pass this mortgage on to your children. In the case of the Bahamas you will be passing a debt on to them that they cannot pay. The country will eventually fall into shambles and your children will sooner or later lose their birthright.