This is where the $1.5 billion that is underfunded in the NIB due to the government, will come back to bite and destroy the Bahamian economy. NIB is in a double whammy. The first is that the government has borrowed its money and can't pay it back. The second is that the government has deliberately underfunded the NIB, writing it an IOU on the money it owes from employee deductions. The true financial state of NIB is hidden behind fancy accounting, but the fact of the matter is that soon after the collapse of the Bahamian economy, NIB will default as well, reducing payments to pensioners and seniors to pennies on the dollar.
Ed Fields is no longer directly active in Atlantis hotel activities. He directs various other Kerzner management areas but no longer direct hotel management.
banker says...
OK, what about folks who lost their documents in Dorian and can't prove that there name is Abel Aaron? Pity the person named Zoltan Zyzov.
On Food shopping schedule announced
Posted 6 April 2020, 11:29 a.m. Suggest removal
banker says...
Just go ahead and put it online. What approvals are needed?
On 'Frustration' over govt's silence on e-commerce plan
Posted 3 April 2020, 11:13 a.m. Suggest removal
banker says...
LOL
On STATESIDE: Like father, like son - Cuomo becoming the man to watch
Posted 3 April 2020, 11:08 a.m. Suggest removal
banker says...
I can't see a happy end to this for the poor old Bahamas.
On Bahamas faces $2.7bn tourism shutdown loss
Posted 2 April 2020, 11:16 a.m. Suggest removal
banker says...
The best, most positive estimates for the "return-to-normal" is the July timeframe.
On Atlantis' lights out until May 15
Posted 26 March 2020, 11:14 a.m. Suggest removal
banker says...
This is where the $1.5 billion that is underfunded in the NIB due to the government, will come back to bite and destroy the Bahamian economy. NIB is in a double whammy. The first is that the government has borrowed its money and can't pay it back. The second is that the government has deliberately underfunded the NIB, writing it an IOU on the money it owes from employee deductions. The true financial state of NIB is hidden behind fancy accounting, but the fact of the matter is that soon after the collapse of the Bahamian economy, NIB will default as well, reducing payments to pensioners and seniors to pennies on the dollar.
On NIB expects 15,000 to sign on for benefits
Posted 26 March 2020, 11:11 a.m. Suggest removal
banker says...
Ed Fields is no longer directly active in Atlantis hotel activities. He directs various other Kerzner management areas but no longer direct hotel management.
On 'Stop non-compliance' warning as Atlantis dubbed a ghost town
Posted 20 March 2020, 11:22 a.m. Suggest removal
banker says...
For once I agree. Dere een no erl.
On Virus delay hits oil exploration
Posted 17 March 2020, 11:13 a.m. Suggest removal
banker says...
I'm gonna do my part. I will sacrifice a chicken to the gods and then ritually consume it (with a suitable sauce and fries).
On A new Sunday schedule
Posted 17 March 2020, 11:12 a.m. Suggest removal
banker says...
LOL
On AG: Entrepreneur 'extremely selfish'
Posted 3 March 2020, 12:12 p.m. Suggest removal