Comment history

Reality_Check says...

Good one!

On How many holes do we dig?

Posted 22 August 2017, 10:01 a.m. Suggest removal

Reality_Check says...

Minnis and his current cabinet seem incapable of planning and managing a good piss-up in a brewery. The many burning embers and cinders throughout the social and economic fabric of our society are going to soon start flaring-up as major fires all over the place, and I'm not just talking about the public dump!

Many now doubt either Gibson, Dorsett or Smith will be found guilty and serve any time in prison. Apparently Sir Snake, in a fit of rage when he learned charges had been pressed against Frank Smith, said: "For every one day my son-in-law is made to spend in prison, I will personally see to it that Minnis spends 10 days in prison under the next PLP government!"

On Triple murder triggers new crackdown

Posted 22 August 2017, 9:51 a.m. Suggest removal

Reality_Check says...

FNM supporters already have a serious case of voter's remorse caused by Minnis's apparent willingness to adopt the same continuing failed bail-out plan that Christie created for Bank of The Bahamas involving Bahamas Resolve. Minnis and KP should have by now put both of these insolvent entities in liquidation in order to save the taxpayers the mega-millions of dollars that will be needed to subsidize their future operating losses. This one broken campaign promise alone has greatly enraged many FNM supporters.

On Private sector key to school overhaul

Posted 22 August 2017, 9:26 a.m. Suggest removal

Reality_Check says...

Minnis and his current cabinet are incapable of planning and managing a good piss-up in a brewery. The many burning embers and cinders throughout the social and economic fabric of our society are going to soon start flaring-up as major fires all over the place, and I'm not just talking about the public dump!

Many now doubt either Gibson, Dorsett or Smith will be found guilty and serve any time in prison. Apparently Sir Snake, in a fit of rage when he learned charges had been pressed against Frank Smith, said: "For every one day my son-in-law is made to spend in prison, I will personally see to it that Minnis spends 10 days in prison under the next PLP government!"

Reality_Check says...

Foreign oil companies and their main local agent involved in supplying the fuel to BPL/BEC.

On BPL CEO Pamela Hill fired

Posted 21 August 2017, 5:46 p.m. Suggest removal

Reality_Check says...

Yeah, right. You mean just as it is your and your kind's God given right to steal from the people!

Reality_Check says...

Rumours are rife throughout the legal community that Chief Magistrate Joyann Ferguson-Pratt may be vulnerable to considerable 'outside pressures' of one kind or another in the Frank Smith trial scheduled for late November. Also, a concerted effort is apparently underway to put as much pressure as possible on the limited resources of the prosecutor's office between now and the Smith trial and also during the trial. Hopefully our Attorney General Carl Bethel has his ears to the ground and eyes wide open.

On Triple murder triggers new crackdown

Posted 21 August 2017, 11:35 a.m. Suggest removal

Reality_Check says...

*Re-post from yesterday:*
**new red china overseas investment policies may impact baha mar**

shanghai (Reuters) - A recent crackdown by China on overseas investments has been assumed to be mainly focused on high-profile acquisitions of things like hotels and football teams around the world.

However, Chinese regulators also appear to have their eyes on two other lower-profile industries: gambling and sex.

China's cabinet on Friday issued rules on acquisitions abroad for the first time, possibly signaling a further slowing of the flood of money that has flowed overseas in recent years.

Investment in property, hotels, entertainment, sports clubs and film industries would be restricted as part of the new guidelines, which the cabinet said were **aimed at defusing risks and preventing crime.**

But it also said that overseas **investments in the gambling** and sex sectors, as well as exports of core defense technologies, would be banned as **such activities could endanger national interests and security.**

The statement did not elaborate on what it meant by the sex and gambling industries, but **Chinese businesses have been prolific builders of casinos in countries such as Laos and on the Pacific island of Saipan that are popular with Chinese gamblers. Gambling is banned on the mainland.**

Although Beijing began its crackdown on what it calls "irrational" overseas investment at the end of 2016 by tightening control on capital outflows, it had not issued official rules until Friday.

The new rules and heightened scrutiny surrounding foreign investment in China "adds another layer of uncertainty and complexity to Chinese deals," said Tony Balloon, a partner in law firm Alston & Bird.

"As early numbers indicate, cross-border deal activity among Chinese companies has dropped in the first half of 2017 from the same period last year," he said.

Thomson Reuters data released this week showed that all outbound mergers and acquisitions from China dropped 42 percent year-on-year as of August 14.

But Chinese acquisitions in countries officially linked to the Belt and Road initiative, a signature foreign policy of President Xi Jinping, totaled $33 billion, surpassing the $31 billion tally for all of 2016, the data showed.

Chinese companies have been on a global buying spree, snapping up football clubs, movie studios and skyscrapers, but they have hit road bumps in recent months thanks to financing restrictions.

"There are profound changes taking place in China and abroad that offer good opportunities for Chinese firms to undertake overseas investment but also carry many risks and challenges," the State Council said in the statement.

*Reporting by Brenda Goh. Additional Reporting by Winni Zhou; Editing by Philip McClellan*

On Alert over China strategy switch

Posted 21 August 2017, 10:47 a.m. Suggest removal

Reality_Check says...

new red china overseas investment policies may impact baha mar

shanghai (Reuters) - A recent crackdown by China on overseas investments has been assumed to be mainly focused on high-profile acquisitions of things like hotels and football teams around the world.

However, Chinese regulators also appear to have their eyes on two other lower-profile industries: gambling and sex.

China's cabinet on Friday issued rules on acquisitions abroad for the first time, possibly signaling a further slowing of the flood of money that has flowed overseas in recent years.

Investment in property, hotels, entertainment, sports clubs and film industries would be restricted as part of the new guidelines, which the cabinet said were aimed at defusing risks and preventing crime.

But it also said that overseas investments in the gambling and sex sectors, as well as exports of core defense technologies, would be banned as such activities could endanger national interests and security.

The statement did not elaborate on what it meant by the sex and gambling industries, but Chinese businesses have been prolific builders of casinos in countries such as Laos and on the Pacific island of Saipan that are popular with Chinese gamblers. Gambling is banned on the mainland.

Although Beijing began its crackdown on what it calls "irrational" overseas investment at the end of 2016 by tightening control on capital outflows, it had not issued official rules until Friday.

The new rules and heightened scrutiny surrounding foreign investment in China "adds another layer of uncertainty and complexity to Chinese deals," said Tony Balloon, a partner in law firm Alston & Bird.

"As early numbers indicate, cross-border deal activity among Chinese companies has dropped in the first half of 2017 from the same period last year," he said.

Thomson Reuters data released this week showed that all outbound mergers and acquisitions from China dropped 42 percent year-on-year as of August 14.

But Chinese acquisitions in countries officially linked to the Belt and Road initiative, a signature foreign policy of President Xi Jinping, totaled $33 billion, surpassing the $31 billion tally for all of 2016, the data showed.

Chinese companies have been on a global buying spree, snapping up football clubs, movie studios and skyscrapers, but they have hit road bumps in recent months thanks to financing restrictions.

"There are profound changes taking place in China and abroad that offer good opportunities for Chinese firms to undertake overseas investment but also carry many risks and challenges," the State Council said in the statement.

Reporting by Brenda Goh. Additional Reporting by Winni Zhou; Editing by Philip McClellan

Reality_Check says...

Ouch!!

On A COMIC'S VIEW: BPL in the dark

Posted 20 August 2017, 2:37 p.m. Suggest removal