Very pleased to see that I am not the only person with a long memory. Good to see certain points raised here. However, those seeking office at this time are far more reliant upon memories that are much shorter. As I have quoted before" "My people are dying from lack of knowledge". How many of the so-called "grass roots" upon whom one party in particular seems to depend heavily, are capable of disciplined reasoning and basic research? I am fairly certain that the number is quite low.
Things must really be tough for these hoods to resort to robbing a fish vendor. Are they so desperate for cash to use for illicit purposes? Perhaps they are really desperate with so much money being poured into gambling dens every day and with a constant increase in population with no corresponding increase in employment opportunities. Whoever comes out the winner next month either will have to face these serious problems head-on or just sit back and allow them to become more serious until a breaking point is reached.
Promises, promises! What happened to all those promises made during the 2012 campaign? Perhaps we shouldn't ask these embarrassing questions. If the FNM are returned to power in May they will have to come to grips with some very serious realities in a very short time. With resource rich South Africa's sovereign debt issues relegated to "junk" status less than two weeks ago the PLP must be prepared to destroy this country completely if they think that they can cling to power while the rest of us suffer in the wilderness. Just look at what has happened in once rich Venezuela where a former bus driver, now President, has reduced his people to crossing the border into Colombia to seek out basic food and other supplies. And that is a country rich in oil and iron ore reserves, among other natural resources. What will happen to us with another spendthrift government in control of the suffering Public Treasury?
The only concerns you are going to see answered after this election will be the imposition of more taxes until we reach a level of about 40% overall taxation rate and for which we will receive in turn a more bloated public service payroll served up with a side order of increased crime and more legalized gambling dens. Notice that those running for office avoid any discussion of the really serious issues. They reserve their positions on these matters for Cabinet meetings after the election.
Pleased to see some very intelligent comments here today. My greatest fear is that we should find ourselves in a situation where the Bahamian Dollar suffers the pangs of devaluation. Our unexposed people for the most part have little or no experience with currency exchange rates and the serious consequences of a currency devaluation, especially upon a country that cannot feed itself and depends too heavily upon imports paid for in another currency. I have to assume that no sitting government wants to be associated with a currency devaluation and the resulting crippling inflation that can be expected as a result. Are our students even told about Stafford Sands pegging the Bahamian Dollar to the United States Dollar in May of 1966? Are they aware that we used pounds shillings and pence before that date? How many of our people are aware of what happened to the economies of Jamaica and Guyana as a result of the serious devaluation of their currencies over a period of years? Doesn't it say somewhere in the Bible "my people are dying from lack of knowledge"?
The mere mention of the DNA is enough to make anyone with even a short memory cringe in fear of a repeat of 2012. They split the opposition vote then with the result that we have legal gambling dens everywhere as well as a greatly increased national debt along with a VAT regime and another financial downgrade. While the concept of a third party is attractive to some voters the reality of our situation is that there is insufficient voter sophistication to allow for the eventual victory of such a party. The major parties have long experience and possibly deep pockets to carry forward intensive campaigns in preparation for a general election. Third parties historically have neither. Sadly, none of the parties is willing to provide potential supporters with the truth of the actual situation in The Bahamas, financial and otherwise.
It is difficult to find a lawyer who doesn't think that he or she knows everything. That said I can add that the average Bahamian does not understand that new taxes will be added, the cost of living will rise and unemployment will increase no matter who is elected. The underlying weaknesses and vulnerabilities of our economy and society are ignored for the most part with little or no thought for the future. It appears that the credit rating of South Africa has been downgraded to junk status. And that is a country with enormous natural resources. Think of the lack of preparation and leadership we can expect to suffer if there is some great worldwide emergency arising out of tensions related to international situations for example in Syria or some other got spot. How many of our people watch or read any serious news channels or sources?
Perhaps the average reader is not aware that 5,000 Jamaican Dollars is worth about US$39.37 and 385 Jamaican Dollars is worth about US$3.03 at the present exchange rate of 1:127. Many Bahamians are not fully appreciative of the luxury we enjoy of having a dollar on par with the US dollar. The day that changes we will all suffer greatly from an instantaneous rise in prices here at home and not just when we travel abroad (as one of our young aspiring politicians remarked not so long ago). How spoiled we have become and how unprepared for devaluation if such an event should occur, an event that would signal the end of our standard of living as we know it.
As an honest insurance agent would tell you: "You might have had a bad year but we never have a bad year since we can adjust premiums upward to cover our losses." However, to be fair, once we recognize insurance companies for what they are: entities designed to return a profit to their shareholders, we can appreciate how they are operated. On the other hand the property owner will only truly appreciate the potential value of insurance coverage in the event of a loss leading to a claim. We are also aware that the insurance adjuster will make every attempt to minimize the amount of the settlement of your claim under the terms of the written contract. Very few persons are able to "self-insure" to the extent of being able to cover their losses from their own resources, the very reason that the concept of insurance ( spreading the risk) was born in the first place at that Lloyds Coffee House in London centuries ago.
If violent crime continues at the present rate it seems that the proposed National Health Insurance scheme will be overwhelmed by victims of these types of crimes.
avidreader says...
Very pleased to see that I am not the only person with a long memory. Good to see certain points raised here. However, those seeking office at this time are far more reliant upon memories that are much shorter.
As I have quoted before" "My people are dying from lack of knowledge".
How many of the so-called "grass roots" upon whom one party in particular seems to depend heavily, are capable of disciplined reasoning and basic research? I am fairly certain that the number is quite low.
On Deputy speaker owned stolen car
Posted 19 April 2017, 2:44 p.m. Suggest removal
avidreader says...
Things must really be tough for these hoods to resort to robbing a fish vendor.
Are they so desperate for cash to use for illicit purposes?
Perhaps they are really desperate with so much money being poured into gambling dens every day and with a constant increase in population with no corresponding increase in employment opportunities.
Whoever comes out the winner next month either will have to face these serious problems head-on or just sit back and allow them to become more serious until a breaking point is reached.
On Montagu fish vendor robbed of cash at gunpoint
Posted 14 April 2017, 3:50 p.m. Suggest removal
avidreader says...
Promises, promises! What happened to all those promises made during the 2012 campaign?
Perhaps we shouldn't ask these embarrassing questions. If the FNM are returned to power in May they will have to come to grips with some very serious realities in a very short time. With resource rich South Africa's sovereign debt issues relegated to "junk" status less than two weeks ago the PLP must be prepared to destroy this country completely if they think that they can cling to power while the rest of us suffer in the wilderness. Just look at what has happened in once rich Venezuela where a former bus driver, now President, has reduced his people to crossing the border into Colombia to seek out basic food and other supplies. And that is a country rich in oil and iron ore reserves, among other natural resources. What will happen to us with another spendthrift government in control of the suffering Public Treasury?
On Free electricity pledge by PLP
Posted 13 April 2017, 3 p.m. Suggest removal
avidreader says...
The only concerns you are going to see answered after this election will be the imposition of more taxes until we reach a level of about 40% overall taxation rate and for which we will receive in turn a more bloated public service payroll served up with a side order of increased crime and more legalized gambling dens.
Notice that those running for office avoid any discussion of the really serious issues. They reserve their positions on these matters for Cabinet meetings after the election.
On DNA proposes 3% health payroll tax
Posted 11 April 2017, 6:49 p.m. Suggest removal
avidreader says...
Pleased to see some very intelligent comments here today. My greatest fear is that we should find ourselves in a situation where the Bahamian Dollar suffers the pangs of devaluation. Our unexposed people for the most part have little or no experience with currency exchange rates and the serious consequences of a currency devaluation, especially upon a country that cannot feed itself and depends too heavily upon imports paid for in another currency.
I have to assume that no sitting government wants to be associated with a currency devaluation and the resulting crippling inflation that can be expected as a result.
Are our students even told about Stafford Sands pegging the Bahamian Dollar to the United States Dollar in May of 1966? Are they aware that we used pounds shillings and pence before that date?
How many of our people are aware of what happened to the economies of Jamaica and Guyana as a result of the serious devaluation of their currencies over a period of years?
Doesn't it say somewhere in the Bible "my people are dying from lack of knowledge"?
On PM: PLP govt is not perfect
Posted 10 April 2017, 3:33 p.m. Suggest removal
avidreader says...
The mere mention of the DNA is enough to make anyone with even a short memory cringe in fear of a repeat of 2012.
They split the opposition vote then with the result that we have legal gambling dens everywhere as well as a greatly increased national debt along with a VAT regime and another financial downgrade.
While the concept of a third party is attractive to some voters the reality of our situation is that there is insufficient voter sophistication to allow for the eventual victory of such a party.
The major parties have long experience and possibly deep pockets to carry forward intensive campaigns in preparation for a general election. Third parties historically have neither.
Sadly, none of the parties is willing to provide potential supporters with the truth of the actual situation in The Bahamas, financial and otherwise.
On EDITORIAL: A country crying out for political change
Posted 7 April 2017, 1:01 p.m. Suggest removal
avidreader says...
It is difficult to find a lawyer who doesn't think that he or she knows everything.
That said I can add that the average Bahamian does not understand that new taxes will be added, the cost of living will rise and unemployment will increase no matter who is elected.
The underlying weaknesses and vulnerabilities of our economy and society are ignored for the most part with little or no thought for the future.
It appears that the credit rating of South Africa has been downgraded to junk status. And that is a country with enormous natural resources.
Think of the lack of preparation and leadership we can expect to suffer if there is some great worldwide emergency arising out of tensions related to international situations for example in Syria or some other got spot.
How many of our people watch or read any serious news channels or sources?
On YOUR SAY: Six reasons not to ‘Roc wit Doc’
Posted 7 April 2017, 10:26 a.m. Suggest removal
avidreader says...
Perhaps the average reader is not aware that 5,000 Jamaican Dollars is worth about US$39.37 and 385 Jamaican Dollars is worth about US$3.03 at the present exchange rate of 1:127.
Many Bahamians are not fully appreciative of the luxury we enjoy of having a dollar on par with the US dollar. The day that changes we will all suffer greatly from an instantaneous rise in prices here at home and not just when we travel abroad (as one of our young aspiring politicians remarked not so long ago).
How spoiled we have become and how unprepared for devaluation if such an event should occur, an event that would signal the end of our standard of living as we know it.
On Consumer chief to banks: ‘We can’t take all of this’
Posted 13 March 2017, 7:06 p.m. Suggest removal
avidreader says...
As an honest insurance agent would tell you: "You might have had a bad year but we never have a bad year since we can adjust premiums upward to cover our losses."
However, to be fair, once we recognize insurance companies for what they are: entities designed to return a profit to their shareholders, we can appreciate how they are operated.
On the other hand the property owner will only truly appreciate the potential value of insurance coverage in the event of a loss leading to a claim.
We are also aware that the insurance adjuster will make every attempt to minimize the amount of the settlement of your claim under the terms of the written contract.
Very few persons are able to "self-insure" to the extent of being able to cover their losses from their own resources, the very reason that the concept of insurance ( spreading the risk) was born in the first place at that Lloyds Coffee House in London centuries ago.
On Summit’s Matthew loss peaks at $37m
Posted 26 February 2017, 11:41 a.m. Suggest removal
avidreader says...
If violent crime continues at the present rate it seems that the proposed National Health Insurance scheme will be overwhelmed by victims of these types of crimes.
On Two police officers wounded by man with shotgun
Posted 12 February 2017, 4:57 p.m. Suggest removal