Comment history

The_Oracle says...

Here they go, attacking what they themselves could never accomplish, could never understand, and must get their grubby hands on at all cost.
Even if a few roads are in disrepair, they do fix them, and even un-repaired are better than Nassau or out island streets.
This is nothing more than an effort to dismantle and erase, gain control.

The_Oracle says...

Ironic that the people on the committee, all political appointees, can report so positively,
yet are a part of the Government caused bog down and stagnation.
Not in a thousand years would they be capable of doing any of the above.

The_Oracle says...

Wait til your exemptions are denied (for whatever reason you may never find out) on a case by case, and must be "reviewed" every year.....
The "meetings" with licensees was a sham, I can't seem to identify any that were met with.The "Government will then acquire a 10 per cent equity interest, with a possible option for another 5 per cent stake, in the new company established to own the ordinary share capital of Freeport Commercial & Industrial and the Grand Bahama Development Company(DEVCO)"
So does that mean Government will own 10% or 17.5% or potentially 15% or 22.5% shares?
Did we ever find the missing 7.5% shareholding? did someone cash them out?
How can transparency be improved when we cannot find the 7.5% government shareholding?

On Gov’t gains key Freeport reforms

Posted 11 May 2016, 9:42 p.m. Suggest removal

The_Oracle says...

The Port Authority shareholders never had the stomach for a fight, coming from a background of appeasement and payouts to the Government in Nassau and Freeport.
When they were so cheap to buy, they did.
A spineless cowardly exit really. A sad end to an entity with the greatest potential for the whole country.

The_Oracle says...

Government is basically abrogating the H.C.A., disregarding statute law,
and by the way, going directly against the most favored nation principals of WTO.
(meaning you cannot treat the nationals of one member country differently than any other, including your own!)
The very basis of our legal system is Written rules for all, which these fools constantly ignore.
You may want tribal rule but, what happens when you wake up one day and the chief don't like you? Who you gonna turn to?
The Judiciary might be seeing the writing on the wall, finally.
Better hope so.

The_Oracle says...

Gape no doubt made his money and now has sour grapes as it has dried up,
Just as the PLP got their cash flow from day one. (and the FNM for that matter)
They probably more than any other entity are responsible for the dried up well that is Freeport.
But why let history or truth get in the way of reality right?


The_Oracle says...

Sad thing is, the Government has lost every case on the H.C.A. put before the courts,
but continues to ignore the rulings including Privy council rulings.
(The Darcy Ryan citizenship case is perhaps the most vindictive and disgraceful example of typical Bahamian Government malfeasance)
If and when we ever get a Judiciary that is truly impartial and above political influence
they may grow teeth enough to bite and curtail the rogue government administrations
we endure.
The more pressing question is, where is the rest of the legal fraternity aside Maurice Glinton and Fred Smith?


The_Oracle says...

Fine, nationalize it, and then what, re-activate the Hotel Corp to run it?
Right, that'll work out better this time!
Either that or lease it for pennies to a PLP crony?
Maybe George Smith? The more likely prospect.
Shattered credibility further ground underfoot by themselves.

The_Oracle says...

Cutting out the fraud cancer wholesale will leave the patient (country) dead.
Endemic, intrinsic, ingrained, and led from the top.
If one would prosecute from the top down,
you will find that mid level and lower will lose there appetite for fraud and theft.
Start at the bottom, you'll end up with 80% of the government in jail!
Ironic that the PLP threat of old was that if they got voted out,
civil servants would lose their jobs,
here we sit needing them all fired!
Where do you find another (4th) third of the population to replace them with?

The_Oracle says...

In this event the banks aught to be penalized, not the merchants!
Damn banks are getting more and more useless and cannot even keep ATM machines
fully stocked.

On Private sector alert over VAT late fees

Posted 27 April 2016, 6:13 p.m. Suggest removal