The trouble with the brain-dead Prime Minister and his merry band of criminal kleptocrats, is that they are so cognitively challenged, that they honestly believe that Chinese will rescue the project, magically open the doors, and make the PLP heroes. They really believe in that fairy tale. They think that it will be open in a couple of months after the paperwork is done, and everything will be dead good, and all of Mayonnaise Gibson's relatives who have shops in Baha Mar will get filty stinking rich from all the tourist buying their shiite. They are literally the worst kind of corrupt -- they are the corrupt retards.
How can you respect a criminal retard prime minister who utters foolishness every time he opens his mouth, and is incapable of seeing the truth of any matter in the country that he is leading to oblivion.
The trouble with Tal's argument is that it is a socialistic one and not an economic one. First and foremost, I do not believe that the minimum wage is one where a person can live decently in the Bahamas with economic security. Part of what is required for a country to be sound in every way, is that its citizens be able to live with dignity and decency in their standard of living.
Having said that, when you do an analysis from an economic point of view, even the higher minimum wage is a pseudo-tax on employers for the very reason that the productivity and value of human capital is not worth the money in a strict business sense.
I go to a gas station or any other business, and I seen 6 to ten employees standing around. Most of them are linguistically and mathematically illiterate, poorly socialized, rude and haven't the foggiest notion of customer relationship. They do not produce the economic activity that will cover the increase to their wage. They are human capital of the poorest type of business value. And to top it all off, the shrinkage to a business from the bottom line, due to employee malfeasance, is enormous.
I was talking to a businessman, and he was telling me that his employees spend most of the day, trying to dream up ways to rip him off. This problem is endemic and systemic in the Bahamas, and largely due to the minimum wage to begin with. Because it is not enough they steal. It is a chicken and egg issue, because they are not worth the money to pay them enough so they do not steal. And in many cases, the moral compass is so skewed in the Bahamas, that it doesn't matter what you pay people, they will steal from you. Someting fer nuttin' is a cultural thing in the Bahamas.
So while employment increases in civilised countries where the minimum wage increases, so does employee productivity. That corollary is missing in the Bahamas.
Truly laugh out loud. There is no positive side. We are terminally screwed by a criminal moron leading this country. But for your sake, I have this for you:
(3) Give out free business licences to foreigners and Bahamians alike.
(4) Introduce an income tax.
(5) Ban the webshops and set up a government run national lottery.
(6) Diversify the economy.
(7) Upgrade the education process.
(8) Make abortion legal and widely available.
(9) Make all white collar crime and high net worth crime punishable by lengthy prison sentences. Currently it gets a free pass -- Davis, Brown, Bethel, Turnquest, et al.
(10) Prosecute all instances of political bribery, corruption, betrayal of the public trust, and demand reparations from all of those including seizing the assets of the corrupt Pingdomites and returning it to the public treasury
(11) All public institutions, including the police run by foreigners and based on meritocracy until Bahamians learn to govern themselves with altruism and patriotism.
(12) Wide open free markets and the withdrawal of government interference in all business endeavors.
Sigh ... let's take a look at known science, and not pseudo-scientific psycho-babble. Starting from the top. Dutch war trauma and holocaust survivors passing on diseases has more to do with starvation and privation during pregnancy causing damaged babies, rather than trans-generational "epigenetics". Indeed science shows that during the war, whole villages were left eating tulips bulbs and many people died of starvation. Pregnant mothers at this time, who delivered babies that survived, had children with deficiencies caused by metabolic stress of starvation and poor fetal development.
Epigenetics itself, is very very controversial. Certain epigenetic tags have been shown to be transmitted mostly in plants, but some in mice, and these disappeared within a generation or two. There has not been one single, scientifically verified case of human trans-generational epigenetic trait transmission. That particular ideation is Larmarckian in nature, never directly verified in humans, and has been refuted by all respectable geneticists.
Salt -- and the causes of hypertension is another dead end. This chestnut was promulgated by flawed study in the JAMA (journal of American Medical Association) and has since been refuted by Harvard University Studies and other studies by the New England Journal of Medicine.
Your "expert", Dr Joy DeGruy who coined the term “Post-Traumatic Slave Syndrome” is a social worker and not a geneticist or scientist. She is more of the ilk of inspiration speaker, according to her website.
The high degree of breast cancer and diabetes is largely due to consanguinity issues. I myself have seen a study by a prestigious institute who studied the Bahamian population, that cites a figure where, of every single marriage of any two Bahamians, has a 50-50 chance of a common ancestor within the past four generations. They may not even know it, because of the common incidences of sweethearting, illegitimate children born on the other side of the blanket, and general lascivious, unprincipled copulatory behaviour by Bahamians.
If you are going to make a case for reparations, and you want it to be evidence-based, it must be flawless scientifically, and not riddled with pseudo-scientific psycho-babble.
The biggest flaw in the whole reparations argument, is the missing narrative of how indigenous Africans were the slave hunters and traders who were the originators of the supply chain of slave. They must be held equally liable as well if there is any sort of sense of real justice as to shouldering responsibility for slavery. These Africans are just as culpable in the entire slavery narrative.
*S&P warned that given the Bahamas’ currency peg, any further appreciation of the US dollar on global currency markets could further undermine this nation’s cost competitiveness versus rival tourism destinations.*
So, a devaluation is in order to increase tourism. Say put the peg at 1 US dollar = 2 Bahamian dollars. It would cause a lot of misery for Bahamians, but it would stop the hemorrhage of tourism contraction.
The sad part is that there is no light at the end of the tunnel -- except for the on-coming train that will crash our economy.
banker says...
The trouble with the brain-dead Prime Minister and his merry band of criminal kleptocrats, is that they are so cognitively challenged, that they honestly believe that Chinese will rescue the project, magically open the doors, and make the PLP heroes. They really believe in that fairy tale. They think that it will be open in a couple of months after the paperwork is done, and everything will be dead good, and all of Mayonnaise Gibson's relatives who have shops in Baha Mar will get filty stinking rich from all the tourist buying their shiite. They are literally the worst kind of corrupt -- they are the corrupt retards.
On Baha Mar Board resigns en masse
Posted 19 November 2015, 1:28 p.m. Suggest removal
banker says...
How can you respect a criminal retard prime minister who utters foolishness every time he opens his mouth, and is incapable of seeing the truth of any matter in the country that he is leading to oblivion.
On PM: Nation ‘not a killing field' - New crime strategy ‘in weeks’
Posted 18 November 2015, 11:48 a.m. Suggest removal
banker says...
The trouble with Tal's argument is that it is a socialistic one and not an economic one. First and foremost, I do not believe that the minimum wage is one where a person can live decently in the Bahamas with economic security. Part of what is required for a country to be sound in every way, is that its citizens be able to live with dignity and decency in their standard of living.
Having said that, when you do an analysis from an economic point of view, even the higher minimum wage is a pseudo-tax on employers for the very reason that the productivity and value of human capital is not worth the money in a strict business sense.
I go to a gas station or any other business, and I seen 6 to ten employees standing around. Most of them are linguistically and mathematically illiterate, poorly socialized, rude and haven't the foggiest notion of customer relationship. They do not produce the economic activity that will cover the increase to their wage. They are human capital of the poorest type of business value. And to top it all off, the shrinkage to a business from the bottom line, due to employee malfeasance, is enormous.
I was talking to a businessman, and he was telling me that his employees spend most of the day, trying to dream up ways to rip him off. This problem is endemic and systemic in the Bahamas, and largely due to the minimum wage to begin with. Because it is not enough they steal. It is a chicken and egg issue, because they are not worth the money to pay them enough so they do not steal. And in many cases, the moral compass is so skewed in the Bahamas, that it doesn't matter what you pay people, they will steal from you. Someting fer nuttin' is a cultural thing in the Bahamas.
So while employment increases in civilised countries where the minimum wage increases, so does employee productivity. That corollary is missing in the Bahamas.
On ‘Things are good with Baha Mar’ says Christie
Posted 18 November 2015, 11:37 a.m. Suggest removal
banker says...
Truly laugh out loud. There is no positive side. We are terminally screwed by a criminal moron leading this country. But for your sake, I have this for you:
https://www.youtube.com/watch?v=jHPOzQz…
On PM: Nation ‘not a killing field' - New crime strategy ‘in weeks’
Posted 17 November 2015, 9:41 p.m. Suggest removal
banker says...
(1) Dollarize the economy.
(2) Slash the civil service by half.
(3) Give out free business licences to foreigners and Bahamians alike.
(4) Introduce an income tax.
(5) Ban the webshops and set up a government run national lottery.
(6) Diversify the economy.
(7) Upgrade the education process.
(8) Make abortion legal and widely available.
(9) Make all white collar crime and high net worth crime punishable by lengthy prison sentences. Currently it gets a free pass -- Davis, Brown, Bethel, Turnquest, et al.
(10) Prosecute all instances of political bribery, corruption, betrayal of the public trust, and demand reparations from all of those including seizing the assets of the corrupt Pingdomites and returning it to the public treasury
(11) All public institutions, including the police run by foreigners and based on meritocracy until Bahamians learn to govern themselves with altruism and patriotism.
(12) Wide open free markets and the withdrawal of government interference in all business endeavors.
On Pro-growth public policies
Posted 16 November 2015, 8:05 p.m. Suggest removal
banker says...
Sigh ... let's take a look at known science, and not pseudo-scientific psycho-babble. Starting from the top. Dutch war trauma and holocaust survivors passing on diseases has more to do with starvation and privation during pregnancy causing damaged babies, rather than trans-generational "epigenetics". Indeed science shows that during the war, whole villages were left eating tulips bulbs and many people died of starvation. Pregnant mothers at this time, who delivered babies that survived, had children with deficiencies caused by metabolic stress of starvation and poor fetal development.
Epigenetics itself, is very very controversial. Certain epigenetic tags have been shown to be transmitted mostly in plants, but some in mice, and these disappeared within a generation or two. There has not been one single, scientifically verified case of human trans-generational epigenetic trait transmission. That particular ideation is Larmarckian in nature, never directly verified in humans, and has been refuted by all respectable geneticists.
Salt -- and the causes of hypertension is another dead end. This chestnut was promulgated by flawed study in the JAMA (journal of American Medical Association) and has since been refuted by Harvard University Studies and other studies by the New England Journal of Medicine.
Your "expert", Dr Joy DeGruy who coined the term “Post-Traumatic Slave Syndrome” is a social worker and not a geneticist or scientist. She is more of the ilk of inspiration speaker, according to her website.
The high degree of breast cancer and diabetes is largely due to consanguinity issues. I myself have seen a study by a prestigious institute who studied the Bahamian population, that cites a figure where, of every single marriage of any two Bahamians, has a 50-50 chance of a common ancestor within the past four generations. They may not even know it, because of the common incidences of sweethearting, illegitimate children born on the other side of the blanket, and general lascivious, unprincipled copulatory behaviour by Bahamians.
If you are going to make a case for reparations, and you want it to be evidence-based, it must be flawless scientifically, and not riddled with pseudo-scientific psycho-babble.
The biggest flaw in the whole reparations argument, is the missing narrative of how indigenous Africans were the slave hunters and traders who were the originators of the supply chain of slave. They must be held equally liable as well if there is any sort of sense of real justice as to shouldering responsibility for slavery. These Africans are just as culpable in the entire slavery narrative.
On Caribbean reparations
Posted 16 November 2015, 7:45 p.m. Suggest removal
banker says...
*S&P warned that given the Bahamas’ currency peg, any further appreciation of the US dollar on global currency markets could further undermine this nation’s cost competitiveness versus rival tourism destinations.*
So, a devaluation is in order to increase tourism. Say put the peg at 1 US dollar = 2 Bahamian dollars. It would cause a lot of misery for Bahamians, but it would stop the hemorrhage of tourism contraction.
The sad part is that there is no light at the end of the tunnel -- except for the on-coming train that will crash our economy.
On $1bn investments ‘not turning into economic growth’
Posted 16 November 2015, 2:25 p.m. Suggest removal
banker says...
That's what we are good at -- gaming the system for personal gain. It's only way of obtaining the good life for 99.9% of Bahamians.
On Police asked to probe $25,000 fraud at COB
Posted 16 November 2015, 2:19 p.m. Suggest removal
banker says...
That's because the UBP knew that you don't bleed the goose that lays the golden egg, and you don't cut steaks off your racehorse.
On PM suggests 'impact on our freedom to move about' in crime fight
Posted 15 November 2015, 11:26 p.m. Suggest removal
banker says...
I nominate Emac for the first Bahamian recipient of the Nobel Prize for Literature for the above masterpiece.
On PM suggests 'impact on our freedom to move about' in crime fight
Posted 15 November 2015, 10:28 a.m. Suggest removal