No one, and I mean no one is interested in doing retail banking in a country of 300k souls with an average income of $20k/year. That is a market smaller than Fort Lauderdale.
No retail bank ever gave 3 hoots about the Bahamas and never will. What they cared about were the billions in offshore banking. That has gone and so has their interest.
"The agency is under resourced"....yeah, it is a really, really difficult job. You have to be able to read. For that you need at least 300 civil servants.
You have one database with licensed pilots, you have another database with planes and before they are allowed to take off from any airport, you check the two against the passenger manifest.
Unless all three check off, no take off.
It is so complicated, you need at least 200 foreign consultants to come in and set it up at a cost of at least $1bn.
Maybe we could organize a nice dump fire during the conference @ Baha Mar. Give them something interesting to look at from the upper floors and bottle the smell and sell it to them. Something to remind them not to come back. :) :) :)
I would not worry too much. Darwin is at work here. The stupid will want to save a couple of bucks, fly with unlicensed pilots, die and not pass on their stupid genes. Society benefits overall.
But I am just not sure. The 2-3 biggest exchanges are already doing $3-6 bn in business per day, each. That already gives them legitimacy. Listing crypto ETFs here could be huge, if Americans were allowed to buy them. But I don't know the regulations well enough to argue either way.
OldFort2012 says...
Since the line at the webshops is 365:0, I would say that it is going to be a slam dunk for the Illegals. Go Pirates!
On UPDATED – Inferno: 150 homeless as arsonist sets The Mud ablaze
Posted 28 January 2018, 9:44 a.m. Suggest removal
OldFort2012 says...
No. Succinct enough for you?
On RBC’s ‘great injustice’ to the Family Islands
Posted 28 January 2018, 9:38 a.m. Suggest removal
OldFort2012 says...
Thanks for reminding me. I have to get extra propane for the generator.
On BPL on target ‘for best summer yet’
Posted 26 January 2018, 10:54 a.m. Suggest removal
OldFort2012 says...
Since you are asking about the legal position of anything in the Commonwealth of Bahaiti, my guess is that you have been away since.... January 1973?
On ‘Shooting ourselves in foot’ over deal red tape
Posted 26 January 2018, 7:21 a.m. Suggest removal
OldFort2012 says...
I guess it's an americanism....but well spotted and you are 100% right.
https://www.merriam-webster.com/diction…
On Double-digit lay-offs likely as a result of 4 RBC branch closures
Posted 25 January 2018, 1:52 p.m. Suggest removal
OldFort2012 says...
No one, and I mean no one is interested in doing retail banking in a country of 300k souls with an average income of $20k/year.
That is a market smaller than Fort Lauderdale.
No retail bank ever gave 3 hoots about the Bahamas and never will. What they cared about were the billions in offshore banking. That has gone and so has their interest.
We really need to wake up and smell the roses.
On Double-digit lay-offs likely as a result of 4 RBC branch closures
Posted 25 January 2018, 7:45 a.m. Suggest removal
OldFort2012 says...
"The agency is under resourced"....yeah, it is a really, really difficult job. You have to be able to read. For that you need at least 300 civil servants.
You have one database with licensed pilots, you have another database with planes and before they are allowed to take off from any airport, you check the two against the passenger manifest.
Unless all three check off, no take off.
It is so complicated, you need at least 200 foreign consultants to come in and set it up at a cost of at least $1bn.
What a clown show.
On Calls to clamp down on airline hackers
Posted 24 January 2018, 1:23 p.m. Suggest removal
OldFort2012 says...
Maybe we could organize a nice dump fire during the conference @ Baha Mar. Give them something interesting to look at from the upper floors and bottle the smell and sell it to them. Something to remind them not to come back. :) :) :)
On BISX to 'jump in' oncryptocurrency IPOs
Posted 24 January 2018, 6:35 a.m. Suggest removal
OldFort2012 says...
I would not worry too much. Darwin is at work here. The stupid will want to save a couple of bucks, fly with unlicensed pilots, die and not pass on their stupid genes. Society benefits overall.
On Crash pilot had no commercial licence
Posted 23 January 2018, 2:09 p.m. Suggest removal
OldFort2012 says...
I take your points...and they are valid.
But I am just not sure. The 2-3 biggest exchanges are already doing $3-6 bn in business per day, each. That already gives them legitimacy.
Listing crypto ETFs here could be huge, if Americans were allowed to buy them. But I don't know the regulations well enough to argue either way.
On BISX to 'jump in' oncryptocurrency IPOs
Posted 23 January 2018, 1:42 p.m. Suggest removal