Comment history

Reality_Check says...

The thought of BEC being run by Miller for much longer sends chills down my spine........BEC needs to be privatized at the earliest possible time with ownership going to an investor group that has no ties whatsoever to Miller or any other cronies of the PLP or FNM political parties alike.

Reality_Check says...

The Chinese have taken a page from the US's play book when it comes to protecting their own economic and security interests. The Chinese know full well that all they need do is keep the "borrowing tit" on the insatiable sucking lips of the Bahamian Government and their cronies until the national debt of the Bahamas reaches the point of no return at which point the very soul of the Bahamas will have been sold to the devil!

Reality_Check says...

Edison Key has every right to be embarrassed and ashamed at the actions of Minnis and his other fellow FNM MPs. Mr. Key is well known to be a leopard who is quite capable of changing his spots in situations where the level of his embarrassment becomes too intolerable to bear. No skin off of Minnis's back though....the FNM leader would likely prefer someone sitting in Eddy's house seat is "differently perplexed"!

On POLICE CALLED IN AS MINNIS TAKES STAND

Posted 8 August 2013, 11:56 a.m. Suggest removal

Reality_Check says...

As a US citizen who has resided in the Bahamas for many years, I can only simply laugh at how foolish Bahamian voters are. It is well known that the imf, wto, World Bank, idb, oecd, etc. are all agencies in the main of US foreign policy tasked with destabilizing other countries whenever it is considered to be in the best economic or security interest of the US. The destabilization is typically accomplished by getting the country hooked on more foreign debt than it can possibly ever service. It is also often accomplished by forcing a country to replace its more cost efficient and more easily monitored/enforced taxation systems (like import duties in the case of the Bahamas) with other taxation systems that are not suitable for the country due to their revenue raising ineffectiveness, excessive costliness to administer (for both the government and taxpayers alike) and inability to be cost effectively enforced.

It is really all too easy in countries like the Bahamas with a largely poorly educated voting citizenry to get dimwitted greedy politicians and their cronies controlling government (whether they be on the PLP or FNM side of the table) who are willing to "sell out" their country by sucking on the "borrowing tit" placed at their lips by self-interested foreign interests.

On Vat branded as 'huge mistake'

Posted 8 August 2013, 11:20 a.m. Suggest removal

Reality_Check says...

All of the proposals thus far put to Government are quite glaring in terms of the greed of the investors behind them as evidenced by their keen desire not to acquire BEC through a Government supported privatization initiative. The investors behind each of the proposals received to date would love a "sweet profiteering" arrangement that leaves BEC and Bahamian taxpayers on the hook for the high cost of the country's electrical distribution system (covering many islands), BEC's unfunded pension liabilities, etc. etc. The eventual outcome of putting only the electrical generating plants in the hands of these investors, with a "sweet deal" contract on the back of an already financially troubled BEC, is all too obvious: BEC would soon go belly-up leaving Bahamian taxpayers saddled with funding its unsettled liabilities, and the less costly parts of its electrical distribution system would be picked up at a fire sale price by the private plant owners.

The arrangement between Water & Sewerage Corp and Consolidated Water is a classic example of why these types of deals fail.

Reality_Check says...

And to think the foundation for all of this mismanagement was laid while our current Chief Justice (affectionately known to many as "Sir Pompey") was Chairman of the Water & Sewerage Corporation. One can only begin to pray for the well being of our Judiciary!

On Water shortage fears compromised quality

Posted 19 July 2013, 4:50 p.m. Suggest removal

Reality_Check says...

Isn't Gowen Bowe a big up and coming brother of the most secretive lodge that exists in the Bahamas with total membership of less than 50? Someone also told me he is related to the infamous drug king Nigel Bowe who the U.S. government pursued for many years and eventually nailed! Is there more than one Gowon Bowe in the Bahamas.....just don't know for sure.....?!

Reality_Check says...

They will say / promise anything to jack up their share price for the benefit of the few controlling shareholders.

On AML targeting 50% dividend 'minimum'

Posted 9 July 2013, 2:52 p.m. Suggest removal

Reality_Check says...

McWeeney in his late teens also found foreign teachers repugnant, particularly the British ones who ensured he received a first rate elementary and high school education. Yes, he got his first rate education through A-Levels, but made sure those coming through the educational system after him were less likely to get the same. The average Bahamian child now leaves high school today without having even mastered basic reading, writing and math skills. Repugnant indeed! This fella seems to have spent his entire adult life to date manipulating for the benefit of himself and his political cronies (likely in his mind the ruling class of our society) the much more vulnerable minds of the less fortunate and largely uneducated masses of Bahamians and illegal immigrants. How utterly repugnant and what a waste of a good education provided to one by so many hard working and talented foreign teachers!!

Reality_Check says...

General insurers are free to determine which vehicles they may wish to insure under their underwriting practices, but it is the Road Traffic Department of the Government of The Bahamas that rightfully gets to determine under the laws of our land which vehicles the holder of a driver's license is qualified to drive/operate. If Mr. Duff and his cohorts persist in not accepting Justice Allen's very astute decision in this matter, then perhaps the Government should do away with the statutory requirement for vehicles to be insured and simply leave it up to the vehicle's owner to decide whether or not they wish to purchase insurance. Better still, the Government may wish to consider getting into the auto insurance business by offering it own basic policy covering the minimum acceptable risks whereby the premiums collected flow into our Public Treasury and not the well endowed coffers of corporate insurers.