Poster above is correct.. no comparison between us and Cayman.. one of the biggest holders of US govt debt, currency worth more than the US dollar, national debt less than $1billion.. as to Dr. Sands , all democracies operate this way.. its absolutely quid pro quo. How can you only expect to take but not give? Its the way the world goes around. Observe uncle Sam, if you dont do what they want, they sanction you.
Testing is like old news, its just saying what already happened. We should just enforce social distancing and mask wearing and let life return to normal. No matter what we do, we will keep getting COVID 19 cases until a vaccine is developed. So lets get on with life befire there is no life to go back too.
'*Getting loss-making state-owned enterprises (SOEs) to a break even/cost recovery positio*n,' That has never happened. How could it possibly happen now? If it could, why did we not insist on it before? That option is a non-starter. Sorry, try again.
With oil prices set to stay below $50 a barrel for the next few years, i doubt BPC could make a case to explore and get to the market with a profit at that price point.
Its a hard sell to convince the average bahamian that these vultures who get paid for doing mostly nothing except having clerical staff fill in the blanks on form documents, then charging you x% instead of a flat fee, have hit hard times. This shouldn't even be news, its such an absurd claim. Lord have mercy.
Anybody who hasn't been asleep last 4 weeks, realizes this is just the beginning.. a lot more bad news to come.. make no mistake, our economic existence as we knew it is in very grave danger of never returning.
Unfortunately, small states are very vulnerable to external factors... EU blacklist, lists about who is or is not cooperating in war on drugs, now this blockage of equipment considered vital for US national security.. we will always be at the mercy of larger, more developed and wealthy states.. nothing can be done about it because its unrealistic to believe we can be self-sufficient in all thibgs.. so again, we pray for mercy.
Gov't really has to stop setting these economically disastrous practices.. isnt exposure to potentially hazardous medical threats part of their job? If that sounds like something you cant stomach, maybe wait tables or drive a taxi or some other 'safer' job? No wonder the debt continues to balloon. COVID going to bring everyone back to reality soon and its going to be tough to accept by many.
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.
Socrates says...
Poster above is correct.. no comparison between us and Cayman.. one of the biggest holders of US govt debt, currency worth more than the US dollar, national debt less than $1billion.. as to Dr. Sands , all democracies operate this way.. its absolutely quid pro quo. How can you only expect to take but not give? Its the way the world goes around. Observe uncle Sam, if you dont do what they want, they sanction you.
On UPDATED: Davis hits out at 'show of hypocrisy' after two Americans allowed entry
Posted 2 May 2020, 3:39 p.m. Suggest removal
Socrates says...
Testing is like old news, its just saying what already happened. We should just enforce social distancing and mask wearing and let life return to normal. No matter what we do, we will keep getting COVID 19 cases until a vaccine is developed. So lets get on with life befire there is no life to go back too.
On 'Failure to test is crippling economy'
Posted 1 May 2020, 9:11 a.m. Suggest removal
Socrates says...
'*Getting loss-making state-owned enterprises (SOEs) to a break even/cost recovery positio*n,' That has never happened. How could it possibly happen now? If it could, why did we not insist on it before? That option is a non-starter. Sorry, try again.
On Govt warns of $800m deficit
Posted 21 April 2020, 6:44 p.m. Suggest removal
Socrates says...
With oil prices set to stay below $50 a barrel for the next few years, i doubt BPC could make a case to explore and get to the market with a profit at that price point.
On US call to halt Bahamian oil
Posted 20 April 2020, 12:24 p.m. Suggest removal
Socrates says...
Its a hard sell to convince the average bahamian that these vultures who get paid for doing mostly nothing except having clerical staff fill in the blanks on form documents, then charging you x% instead of a flat fee, have hit hard times. This shouldn't even be news, its such an absurd claim. Lord have mercy.
On Law firms line up layoffs
Posted 16 April 2020, 3:02 p.m. Suggest removal
Socrates says...
Anybody who hasn't been asleep last 4 weeks, realizes this is just the beginning.. a lot more bad news to come.. make no mistake, our economic existence as we knew it is in very grave danger of never returning.
On Hundreds lose jobs as Cable Bahamas and John Bull shut shops
Posted 9 April 2020, 12:50 p.m. Suggest removal
Socrates says...
Unfortunately, small states are very vulnerable to external factors... EU blacklist, lists about who is or is not cooperating in war on drugs, now this blockage of equipment considered vital for US national security.. we will always be at the mercy of larger, more developed and wealthy states.. nothing can be done about it because its unrealistic to believe we can be self-sufficient in all thibgs.. so again, we pray for mercy.
On Local shipping company not allowed to access imported medical supplies
Posted 9 April 2020, 12:40 p.m. Suggest removal
Socrates says...
Gov't really has to stop setting these economically disastrous practices.. isnt exposure to potentially hazardous medical threats part of their job? If that sounds like something you cant stomach, maybe wait tables or drive a taxi or some other 'safer' job? No wonder the debt continues to balloon. COVID going to bring everyone back to reality soon and its going to be tough to accept by many.
On Drivers return to work after walkout
Posted 7 April 2020, 2:01 p.m. Suggest removal
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