I'm not sure how we can diversify.. no fertile areas so farming very expensive, unskilled workforce, a workforce accustomed to pay and benefits incompatible with their job function, etc. Its a shocking reality with no apparent solution but prayer..
It seems all but certain that we will be at the door of the IMF within the next 12 months. BPL cant disappear, so we need to find a way to keep that going.. same thing for WSC. On the other hand, this may be the time to sell ir close bahamasair.. its a luxury a poor financially challenged country will no longer be able to support. May have to let ZNS collapse and slash those gluttonous pensions being paid to former politicians and civil servants and quasi-government corporations. The day of reckoning has arrived known as COVID-19.
Like most of the posters, i agree that many of the businesses closing now will never see the light of day again. Likewise, we will be lucky if Atlantis and Bahamar reengage 50% of their staff for the remainder of this year. Hope we are all wrong. Big, big concern has to be future value of the B$. If that falls, highly likely, then we all become paupers overnight and quality of life as we know it never to be the same again. But, i hope we are all wrong.
Have to agree that when these unions were gorging themselves with exhorbitant contract demands and blackmailing hotels with threats of work stoppage, it should have occurred to them to tell their people that one day the bottom will drop out so be prepared. Now they get the work stoppage they threatened but not the way they expected.
We knew this day would come and there will be more so things just have to play out now. The world is shutting down for 30 days, borders being closed, etc. Lets hope thats a fix and life can begin to return to normal sooner rather than later. COVID-19 isn't a concern to me, its more about the short and longterm economic hit.
Unfortunately this is just the beginning. More catastrophes to come. However as a christian nation we should take comfort that we are witnessing the fulfilment of prophecy and getter nearer to the 2nd coming.
A friend told me preclearance has nothing to do with reopening for international flights. No CBP just means you clear in the USA. You need TSA approval for security reasons i was told so they know people and bags get checked ...
Make no mistake, the glory days are long gone. Hope for the best but realistically, given our size, its almost a forgone conclusion that we are getting closer to the point of no return..
Socrates says...
I'm not sure how we can diversify.. no fertile areas so farming very expensive, unskilled workforce, a workforce accustomed to pay and benefits incompatible with their job function, etc. Its a shocking reality with no apparent solution but prayer..
On 'We fell asleep' over chance of tourism freeze
Posted 3 April 2020, 4:35 p.m. Suggest removal
Socrates says...
It seems all but certain that we will be at the door of the IMF within the next 12 months. BPL cant disappear, so we need to find a way to keep that going.. same thing for WSC. On the other hand, this may be the time to sell ir close bahamasair.. its a luxury a poor financially challenged country will no longer be able to support. May have to let ZNS collapse and slash those gluttonous pensions being paid to former politicians and civil servants and quasi-government corporations. The day of reckoning has arrived known as COVID-19.
On BPL cash crisis as payments collapse
Posted 31 March 2020, 2:23 p.m. Suggest removal
Socrates says...
Like most of the posters, i agree that many of the businesses closing now will never see the light of day again. Likewise, we will be lucky if Atlantis and Bahamar reengage 50% of their staff for the remainder of this year. Hope we are all wrong. Big, big concern has to be future value of the B$. If that falls, highly likely, then we all become paupers overnight and quality of life as we know it never to be the same again. But, i hope we are all wrong.
On Bahamas left facing 'God awful situation'
Posted 29 March 2020, 2:01 p.m. Suggest removal
Socrates says...
Have to agree that when these unions were gorging themselves with exhorbitant contract demands and blackmailing hotels with threats of work stoppage, it should have occurred to them to tell their people that one day the bottom will drop out so be prepared. Now they get the work stoppage they threatened but not the way they expected.
On Hotel workers unsure how they will keep going
Posted 24 March 2020, 10:08 p.m. Suggest removal
Socrates says...
We knew this day would come and there will be more so things just have to play out now. The world is shutting down for 30 days, borders being closed, etc. Lets hope thats a fix and life can begin to return to normal sooner rather than later. COVID-19 isn't a concern to me, its more about the short and longterm economic hit.
On UPDATED: 61-year-old woman is the first confirmed case of COVID-19 in The Bahamas
Posted 15 March 2020, 2 p.m. Suggest removal
Socrates says...
Unfortunately this is just the beginning. More catastrophes to come. However as a christian nation we should take comfort that we are witnessing the fulfilment of prophecy and getter nearer to the 2nd coming.
On Bahamas warned on new downgrade risk
Posted 14 March 2020, 4:32 p.m. Suggest removal
Socrates says...
A friend told me preclearance has nothing to do with reopening for international flights. No CBP just means you clear in the USA. You need TSA approval for security reasons i was told so they know people and bags get checked ...
On GB airport re-open awaits US approval
Posted 23 November 2019, 10:45 a.m. Suggest removal
Socrates says...
Make no mistake, the glory days are long gone. Hope for the best but realistically, given our size, its almost a forgone conclusion that we are getting closer to the point of no return..
On Dorian to drive national debt to near $9bn
Posted 31 October 2019, 7:53 p.m. Suggest removal
Socrates says...
Honestly, what can you say? Useless people..
On Driver's licence woes could last four weeks
Posted 31 October 2019, 7:46 p.m. Suggest removal
Socrates says...
Everybody wants to be a disciple of Trump.. anything that you disagree with is now 'fake' ..
On What’s this fake news, Mr Speaker?
Posted 25 October 2019, 9:25 a.m. Suggest removal