While we're on the subject of games attorney play with real estate purchases, let's shine some light on why it takes them months to close purchases when all documents are properly registered and recorded!
The Bahamas undoubtedly needs tourism. However, after decades of spineless, visionless, politicians, the cruise industry has been allowed to run totally roughshod in our country, making its own rules, most of which are not in the best interest of the Bahamas and Bahamians!
Updating agreements with cruise companies should be high on the PM's "task force" list for ways of improving and sharing of the economic pie derived from the cruise industry.
Now is the time to reconsider cruise ship operating regulations and renegotiate more equitable arrangements to better benefit the Bahamas and Bahamians. The amount of environmental damage caused by dumping waste, pollution, and traffic, cannot continue being ignored.
Barcelona has had similar challenges with the cruise ship industry and made changes that benefit Spain. Why aren't we doing the same?
Loretta? Have you totally lost your mind? Duane is acceptable, but Loretta is THE most abominable, sorry excuse for a Bahamian only equaled or perhaps surpassed by Brent!
$2b in foreign reserves WITH tourist inflows is manageable. I have serious doubts $300m within the Bahamian economy is sufficient foreign currency reserves to keep the country stable and on par to the US dollar with no tourists inflows!
That is a razor's edge balancing act bound to fail at the least bit of unexpected stress i.e. hurricane, COVID-19 relapse, or any number of no-see-ums.
Trumps' eagerness to open earlier than CDC recommendations will most likely backfire leading to a protracted pandemic and delayed return of US Tourism.
Let's not panic just yet! But why are all of our eggs in one basket anyway?
This pandemic is a good lesson for us. The Bahamas needs to be less US-centric and firstly look to source food security from our other Northern neighbor, Canada (NOW), and the greater Caribbean as well.
Canada exports half of their beef/cattle, 70% of soybeans, 70% of pork, 75% of wheat, 90% canola, and 95% of pulses. **Over 90 percent of Canada's farmers are dependent on exports as well as about 40 percent of their food processing sector.**
Agriculture and food processing are key components of the Canadian economy and of Canada’s trade portfolio. Agriculture and food account for 11% of Canada’s goods GDP and almost 10% of Canada’s total merchandise trade. Food processing is by far the largest manufacturing employer in Canada supporting over 250,000 jobs across the country!
From a food security viewpoint, as a 100% consuming country, we should have looked at importing and partnering with Canada, the Caribbean, and Latin American producers along with the US, decades ago.
Watching the long lines at money transfer operators every day and reading this article, immediately brings several questions to mind.
Firstly, will Mr. James Smith or someone knowledgeable please expound on what amount of hard currency ex-pats repatriate monthly, the added pressure, if any, on the Bahamas foreign currency reserves being imposed by ex-pats repatriating foreign currency during this time, and any ideas on how much deepened “stress” is being imposed on the Bahamian economy by repatriations during the pandemic?
Secondly, as the Bahamas, has a 90+% consumption economy, now faces a massive foreign reserves drain without any inflows to replenish them amid the ongoing tourism industry shutdown, should we be working towards eliminating ex-pat repatriations as much as possible at least in the immediate to short terms?
Thirdly, If we have no tourists coming in spending hard currency in the economy, how will we continue to pay for and import everything we consume? As our ability to import depends on our foreign currency holdings and foreign exchange depends on non-existent tourism inflows, is it wise to allow ex-pats to continue repatriating quickly depleting, limited, foreign currency?
Lastly, exactly what indicators, barometers, or benchmarks has the government established to warn them when and if ex-pat repatriations become a threat to financial security?
Fred Mitchel and the PLP have Peter Nygard, China, and any number of "political prostitution" skeletons in their closet than we will ever know about.
Dr. Sands made a reasonable judgment call. The end result is the country is better off having additional badly needed test kits. The only important factor to be concerned about is that proper steps were followed and the country was not put at risk!
Other jurisdictions such as Barbados never closed its' borders to returning residents on private aircraft, however, they are required to self-quarantine for 14 days.
Thank you, Mr. Dudley Seide. Again, we don't see any Haitians, Latinos, or Asians begging for food and help!
Only Bahamians are catching hell and finding it hard putting food on the table, a roof over the family’s head, paying the bills is a constant challenge, and trying to survive in their own country.
This is the legacy of our former political "leaders".
SP says...
While we're on the subject of games attorney play with real estate purchases, let's shine some light on why it takes them months to close purchases when all documents are properly registered and recorded!
On Judge hits 'double dipping' attorneys
Posted 11 May 2020, 3:56 p.m. Suggest removal
SP says...
The Bahamas undoubtedly needs tourism. However, after decades of spineless, visionless, politicians, the cruise industry has been allowed to run totally roughshod in our country, making its own rules, most of which are not in the best interest of the Bahamas and Bahamians!
Updating agreements with cruise companies should be high on the PM's "task force" list for ways of improving and sharing of the economic pie derived from the cruise industry.
Now is the time to reconsider cruise ship operating regulations and renegotiate more equitable arrangements to better benefit the Bahamas and Bahamians. The amount of environmental damage caused by dumping waste, pollution, and traffic, cannot continue being ignored.
Barcelona has had similar challenges with the cruise ship industry and made changes that benefit Spain. Why aren't we doing the same?
https://www.theguardian.com/cities/2019…
On Global Ports guarantees capital
Posted 11 May 2020, 10:11 a.m. Suggest removal
SP says...
Loretta? Have you totally lost your mind? Duane is acceptable, but Loretta is THE most abominable, sorry excuse for a Bahamian only equaled or perhaps surpassed by Brent!
On SANDS GOES: His resignation over flight fiasco accepted by PM
Posted 5 May 2020, 9:03 p.m. Suggest removal
SP says...
$2b in foreign reserves WITH tourist inflows is manageable. I have serious doubts $300m within the Bahamian economy is sufficient foreign currency reserves to keep the country stable and on par to the US dollar with no tourists inflows!
That is a razor's edge balancing act bound to fail at the least bit of unexpected stress i.e. hurricane, COVID-19 relapse, or any number of no-see-ums.
On Restrictions give $300m foreign reserves 'buffer'
Posted 5 May 2020, 8:40 p.m. Suggest removal
SP says...
Nice show, but we're not ignorant enough to not see the play!
On PM accepts Sands’ resignation
Posted 4 May 2020, 7:23 p.m. Suggest removal
SP says...
Trumps' eagerness to open earlier than CDC recommendations will most likely backfire leading to a protracted pandemic and delayed return of US Tourism.
Let's not panic just yet! But why are all of our eggs in one basket anyway?
This pandemic is a good lesson for us. The Bahamas needs to be less US-centric and firstly look to source food security from our other Northern neighbor, Canada (NOW), and the greater Caribbean as well.
Canada exports half of their beef/cattle, 70% of soybeans, 70% of pork, 75% of wheat, 90% canola, and 95% of pulses. **Over 90 percent of Canada's farmers are dependent on exports as well as about 40 percent of their food processing sector.**
Agriculture and food processing are key components of the Canadian economy and of Canada’s trade portfolio. Agriculture and food account for 11% of Canada’s goods GDP and almost 10% of Canada’s total merchandise trade. Food processing is by far the largest manufacturing employer in Canada supporting over 250,000 jobs across the country!
From a food security viewpoint, as a 100% consuming country, we should have looked at importing and partnering with Canada, the Caribbean, and Latin American producers along with the US, decades ago.
On INSIGHT: Trump's eagerness to open up could be the last thing we need
Posted 4 May 2020, 7:13 p.m. Suggest removal
SP says...
Watching the long lines at money transfer operators every day and reading this article, immediately brings several questions to mind.
Firstly, will Mr. James Smith or someone knowledgeable please expound on what amount of hard currency ex-pats repatriate monthly, the added pressure, if any, on the Bahamas foreign currency reserves being imposed by ex-pats repatriating foreign currency during this time, and any ideas on how much deepened “stress” is being imposed on the Bahamian economy by repatriations during the pandemic?
Secondly, as the Bahamas, has a 90+% consumption economy, now faces a massive foreign reserves drain without any inflows to replenish them amid the ongoing tourism industry shutdown, should we be working towards eliminating ex-pat repatriations as much as possible at least in the immediate to short terms?
Thirdly, If we have no tourists coming in spending hard currency in the economy, how will we continue to pay for and import everything we consume? As our ability to import depends on our foreign currency holdings and foreign exchange depends on non-existent tourism inflows, is it wise to allow ex-pats to continue repatriating quickly depleting, limited, foreign currency?
Lastly, exactly what indicators, barometers, or benchmarks has the government established to warn them when and if ex-pat repatriations become a threat to financial security?
On 'Worst ever mistake' for inflated reserves
Posted 4 May 2020, 6:34 p.m. Suggest removal
SP says...
Fred Mitchel and the PLP have Peter Nygard, China, and any number of "political prostitution" skeletons in their closet than we will ever know about.
Dr. Sands made a reasonable judgment call. The end result is the country is better off having additional badly needed test kits. The only important factor to be concerned about is that proper steps were followed and the country was not put at risk!
Other jurisdictions such as Barbados never closed its' borders to returning residents on private aircraft, however, they are required to self-quarantine for 14 days.
On Davis calls for Sands' resignation
Posted 2 May 2020, 10:40 a.m. Suggest removal
SP says...
The government can tax everyone, so why can't they help everyone as well.
On 100,000 need help with food: Aid networks’ huge challenge to support families facing crisis
Posted 1 May 2020, 5:59 p.m. Suggest removal
SP says...
Thank you, Mr. Dudley Seide. Again, we don't see any Haitians, Latinos, or Asians begging for food and help!
Only Bahamians are catching hell and finding it hard putting food on the table, a roof over the family’s head, paying the bills is a constant challenge, and trying to survive in their own country.
This is the legacy of our former political "leaders".
On 1,500 fed as hunger mounts
Posted 1 May 2020, 5:57 p.m. Suggest removal