I'm confused by this report. The "*potential*" tropical depression (never heard that before, "potential") is near the greater antilles but mixed with a report about rain and bad weather this weekend... which is tomorrow. Is the system catching a high speed train?

The headline reads: "*expected to impact the Bahamas by **this** weekend*"

But inside the fine print, which noone will read it says" "*While the chance of formation in the **next two** days is near **zero percent***". Well 2 days would be the entire weekend... at 0%

It looked like a hastily rushed job to me. I couldnt understand why they had the heavy sweat tops in record heat. They looked like fall weather outfits. But in the scheme of things Lecarthea isnt on the team which makes no sense. I pray God Davis doesnt give a speech anywhere in this century about a Bahamian 16 year old running at the olympics. Because in stark contrast to what he would attempt to relay, it would be an example of the confusion and cronyism that permeates our governance and robs qualified persons of earned opportunities and the country of best performance

Empty words.

Exactly. This will be just like turn left on red where drivers on a red light believe they now have the right to overtake waiting traffic, push their way into right-of-way oncoming traffic **and** turn right on red. What a mess.

The most confusing is the Rastafarian position. All along their argument was about their religion and oppression and rights, then overnight they want to know why they cant be drug dealers too. I see business increasing for dollar peanut sales and rastas paying an off the books tax to the man overseeing the street. What a mess. But who could have known?

"*tourism executives yesterday said it was “a tremendous concern that Bimini’s major source of commercial airlift had suspended *"

Clearly not because ->

Tribune Business understands the fire truck is over 44 years-old*:

"*The Ministry of Tourism, Investments and Aviation, in a statement, said ... despite “proactive preventative maintenance” the decades-old fire truck still experienced mechanical woes.*"

Theres no "proactive" preventative maintenance for a 44 year old truck other than to sell the 2.5m dollar plane outfitted with luxury fittings and buy a new truck

"*he pointed to the section in the legislation that imposes restrictions on the family members of bank employees from buying or making offers on distressed properties where the same institution is seeking to exercise its power-of-sale.*"

Mr Bowe knows his business better than me but what I do know is, we are not an honest people and everybody (well.. alot of people) looking for some way to crook the system or someone else to "*get ahead*". We've heard rumours for years about bank personnel putting shady contractors on approved lists, or approving mortgages for unqualified persons for profit. One customer gave an account on radio how 3 bank employees colluded to take her property and at the time were living in her triplex, claiming to have purchased it but unable to show any evidence that theyd made a single payment toward the mortgage. All employees were ultimately fired by the bank but the lady was still out her property.

**This entire debacle is the result of yet another bungled policy.**

From earlier this year BICA I believe, if not the Chamber, issued a statement citing challenges with the forced Q1(?) deadline, least of which was there simply werent enough accounting firms do to the work!

In complete defiance of all evidence to the contrary, Finance maintained its strongman approach that everyone had to meet the deadline *or else*. Its now August and the audits aren't complete. What was the point?? It was clearly an unrealistic goal.

**Seriously where is Brave Davis and why is he maintaining the facade of Minister of Finance?** How long will he allow whomever he's left in charge to make one blunder after the next? "Lucky" for us another ripe opportunity for disaster is coming, 15% global corporate tax... wait for it

From an ilo.org article:
"*Most frequently, countries adjust their minimum wages once a year. Some countries, adjust rates every six months, while others have 2-years intervals. Annual adjustments seem adequate in periods of low or moderate inflation, providing workers and employers with appropriate predictability and allowing for regular adjustments, in line with evolving economic circumstances.*

*What to do if there is high inflation?
Yearly adjustments allow for predictability and smooth adjustments, and can be complemented by more frequent adjustments when inflation exceeds some threshold.*

*In some countries, when inflation accelerates above a certain threshold, more frequent adjustments are automatically applied. In France, for example, the minimum wage is automatically increased whenever price inflation exceeds 2 per cent within a given year.*

***Automatic indexation above a certain level, however, can be risky and lead to inflationary wage-price “spirals” in situations of sharply accelerating inflation.***

A very complex issue. In the US the federal minimum wage increase requires an act of Congress. **Despite the *theory* from the ilo, from epi.org (*economic policy institute*), in the US:**
"*The federal minimum hourly wage is just $7.25 and has not increased since 2009. The Raise the Wage Act of 2021, introduced in the U.S. House of Representatives on January 26, 2021, would gradually raise the federal minimum wage to $15 an hour by 2025.*" **this article was dated Jan-2021, but the 2024 fed min wage is still listed as 7.25.**

**The Bah govt is doing alot of uncoordinated *good* things, a clear sign that the motivation is not based on strategy and has everything to do with a 2025/2026 election campaign**. Had this been strategic, at the time of the first increase which was just a few months ago, they would have stated the plan for the sliding scale and the ultimate goal. They didnt. **Business like stability and predictability**

They're in business.

It would be nice if businesses also "cared" about the Bahamas, but their primary goal is profit. It is for the govt who has an obligation to care for the Bahamas to decide if any intl business operating here with primary goal of making profit, will also result in some positive/benefit for the Bshamas and its people.

We've had enough bedrock banks, businesses and industrial companies pack up and leave to know that no business thinks they "have" to operate in the Bahamas

Noone can really say what is excessive or not without looking the business cost structure. I assume they make more than 300 dollars per flight but who knows. Perhaps the Bahamas is a loss making leg just designed to get people to other profit making legs, we dont know.

He's also talking about introducing the 15% global corporate tax for multinationals and estimating all the money theyll make from it. I just hope they're using an economic model other than the *all positive news* one. Because every single economic policy theyve introduced has ended up in an ill thought out ball of confusion. I'll wait to see if any of these companies decide that if they have to pay this tax, they might as well move their entire operation to somewhere with at least reliable electricity