> The act, which will replace a similar piece of legislation passed previously by the former Christie administration, allows for Bahamas Power and Light to adjust its rates at a minimum semi-annually - to ensure that the collection of such fee will produce sufficient revenues to pay all ongoing financing costs.

Because these Rate Increase Bonds will require outrageously high interest rates be paid to the bond holders along with overly generous front-end fees paid to the bankers and investment firms associated with their issuance, most residential and commercial customers of BPL will no longer be able to afford the exorbitant cost of electricity.

BPL's paying customer base is just way too small to generate the revenue levels that will be needed to satisfy the very costly Rate Increase Bond obligations.

BPL's residential customers can expect at least a 50% increase in their monthly electricity costs for decades to come and commercial customers will see a doubling of their electricity costs over the same very lengthy period.

Mark my words, this is going to be the straw that breaks the camel's back. Businesses will be closing their doors and Bahamians who are able to do so will be fleeing to the U.S. or Canada. You just can't live or make a living without affordable electricity in a country like The Bahamas located on the Tropic of Cancer.

LMAO

They are dancing in the streets in northern Haiti.

Succintly put: Hubert Minnis works for Sebas Bastian - not the Bahamian people.

No one should be paid an hourly wage of less than $10 except all of the many non-productive and illiterate louts employed by government who sit on their fat arses eating and listening to radio call-in blabber all day long.

Davis is full of nothing but hot air. The vast majority of the Bahamian people don't need a parliamentary vote of no confidence in Minnis to tell them what they already know, i.e. they already know they have zero confidence in Minnis as the leader of government.

Richard Lightbourn thinks the same law that applies to most of us should not apply to him. In fact, I venture to say from what I know about Richard and his brother Mike (the realtor) that they both think they are above the law.

Sears and his very cozy relationship with the corrupt racketeering thug Sebas Bastian is a big part of the reason why we are targeted by international financial regulators and the developed countries like France.

Stop worrying about what Frank Smith and Shane Gibson corruptly did, and start worrying about what Hubert Minnis is corruptly doing.

Excerpt quoted immediately below is from an article written by Neil Hartnell that appeared in yesterday's edition (the Dec. 9, 2019 edition) of The Tribune:

> An Island Luck co-founder is urging the New York federal courts to dismiss the US government's near decade-old human smuggling charges against him because his "rights" are being violated.

>Adrian Fox, who teamed with Sebas Bastian to create The Bahamas' largest web shop by market share, is arguing that the charges should be thrown out because the US government's failure to launch extradition proceedings against him has breached his "right to a speedy trial".

>The US, though, is resisting Mr Fox's dismissal bid on the basis that this was only launched when his efforts to negotiate a "deferred prosecution agreement" with the southern district of New York attorney's office stalled.

Sebas Bastian is no different than Adrian Fox. That 'ole saying that birds of a feather flock together very much applies to Sebas Bastian and all of those around him who have so willingly sold their soul to the Devil.