BPL raising fees again... what a surprise. If a whale took a crap in front of an oil tanker half way around the world, BPL would use that as an excuse to raise rates.
You are correct. Adding the ongoing budget deficits, outstanding public debt, crumbling infrastructure, government corporations always in the red and rampant corruption; there is no way NIB will last a decade without massive tax increases.
Spin is right. The keyword here is "until" in the first quote. Not surprisingly there is no comment on all the outstanding loans and missing past 5 years of financial statements.
To repeat the obvious, as of 2017 NIB had $1,083,112,000 (over one billion) in "Loans and Receivables" on their balance sheet. How can anyone say NIB is broke? Because most people either don't care or are just plain ignorant of the facts.
The conversation is always about increasing taxes and never about cutting expenses. NIB contributions increase so that the government can borrow more money from NIB. Also, why is the latest publicly available NIB financial report from 2017? Disgusting and crooked all around.
NIB ain't broke. NIB holds hundreds of millions of dollars of IOUs from the government, according to the last financial report of 2017. Of course one wonders why a PUBLIC corporation's last financials are 5 years old. https://nib-bahamas.com/Publications
KapunkleUp says...
BPL raising fees again... what a surprise. If a whale took a crap in front of an oil tanker half way around the world, BPL would use that as an excuse to raise rates.
On Inflation could hit BPL bills
Posted 21 April 2022, 10:11 a.m. Suggest removal
KapunkleUp says...
This is what happens when you have to face the real law. Ain't no friend got friend for Gomez in the US. Gomez is reaping what he sowed.
On Ex-minister faces legal fight over $1.25m debt
Posted 20 April 2022, 9:39 a.m. Suggest removal
KapunkleUp says...
At this point all restrictions should be lifted. People can make their own choices about vaccines and masks.
On COOPER: MORE COVID LIMITS TO BE LIFTED – Deputy PM expects further easing if case numbers stay down
Posted 20 April 2022, 9:36 a.m. Suggest removal
KapunkleUp says...
You are correct. Adding the ongoing budget deficits, outstanding public debt, crumbling infrastructure, government corporations always in the red and rampant corruption; there is no way NIB will last a decade without massive tax increases.
On Davis says no to NIB increase
Posted 14 April 2022, 3:19 p.m. Suggest removal
KapunkleUp says...
Spin is right. The keyword here is "until" in the first quote. Not surprisingly there is no comment on all the outstanding loans and missing past 5 years of financial statements.
On Davis says no to NIB increase
Posted 14 April 2022, 10:02 a.m. Suggest removal
KapunkleUp says...
To repeat the obvious, as of 2017 NIB had $1,083,112,000 (over one billion) in "Loans and Receivables" on their balance sheet. How can anyone say NIB is broke? Because most people either don't care or are just plain ignorant of the facts.
On GET READY TO PAY UP FOR NIB: Laroda says rates will likely increase within next year
Posted 13 April 2022, 1:08 p.m. Suggest removal
KapunkleUp says...
You raise an excellent point. I would not be surprised if the accounting is less than the acceptable standard in NIB's case.
On GET READY TO PAY UP FOR NIB: Laroda says rates will likely increase within next year
Posted 13 April 2022, 1:05 p.m. Suggest removal
KapunkleUp says...
The conversation is always about increasing taxes and never about cutting expenses. NIB contributions increase so that the government can borrow more money from NIB. Also, why is the latest publicly available NIB financial report from 2017? Disgusting and crooked all around.
On GET READY TO PAY UP FOR NIB: Laroda says rates will likely increase within next year
Posted 13 April 2022, 9:28 a.m. Suggest removal
KapunkleUp says...
NIB ain't broke. NIB holds hundreds of millions of dollars of IOUs from the government, according to the last financial report of 2017. Of course one wonders why a PUBLIC corporation's last financials are 5 years old.
https://nib-bahamas.com/Publications
On NIB FUND ‘RUNS OUT IN 6 YEARS’: Laroda says report warns depletion rate has increased
Posted 12 April 2022, 10:36 a.m. Suggest removal
KapunkleUp says...
Changing the law of consent changes nothing. It's like changing the legal drinking age to 21. What is needed is the enforcement of existing laws.
On AG: Draft of Citizenship Act should be presented to Cabinet by summer
Posted 9 April 2022, 9:35 a.m. Suggest removal