Thanks man. This is what blows me away about how things are done. We want to jump right into the big leagues without learning how to play in the minor leagues. Take Kwasi Thompson's bid to make Grand Bahama a tech hub. Stupidly, they are introducing a BH-1B visa for tech workers for tier 1 companies. Those companies are not going to pay to duplicate IT operations in Grand Bahama, along with a whole new layer of management to lead it. They are going to let the qualified candidates work remotely. On top of it all, there are no social amenities for the workers, where interns get paid $69,000 per year and new graduates start out at $99,000. They aren't going to want to live in a hell hole with a rat-infested grocery store (I saw a huge rat run under a bunker freezer of meat in the grocery store on Sea Horse Road).
But if they started with a tech incubator like Cayman Islands did, they would build from the bottom up, and then graduate to the big leagues. Cayman now has over 100 blockchain companies, and one of them raised $3 billion.
There are ways to start inexpensively and let the infrastructure evolve organically, but the plan is flawed, they don't know what they don't know, and pretend that they do. Kwasi Thompson is a failure at making a tech hub. In two years he has nothing. And the huge irony is that I listened to the speakers (they are all on youtube) for the first tech summit two years ago, and there were some viable ideas taken from other jurisdictions. It is the blind leading the blind.
>And this can easily happen with The revamping of downtown and the port and enhancement to the Family Islands.
Sorry, not true. Tourists these days don't want the tired sun, sand and seas. That was true in the 1960's when it was new, but tourists want more now. Nassau offers less than a Miami mall with the same weather and palm trees.
Tourism has been dissected into niches. The niches range from ecology (ziplining in the Costa Rica rainforest canopy), sport-related tourism (surfing in Portugal, diving in the Maldives), personal enrichment tourism (the El Camino walking tour/pilgrimage in Spain), gastro-tourism (tour of Michelin-starred restaurants), history tourism, glitz and glamour tourism (Las Vegas) and many more. All of this is classed under experiential tourism -- they just don't want to come and sit on the beach and drink daiquiris and buy cheap knockoffs of luxury brands -- that is so 50 years ago.
There are positive movements afoot - kayaking and eco tourism on Grand Bahama, bike tours on Grand Bahama, there is a whole unexploited Lucayan history thing in the National Park on Grand Bahama. There could be shark tours off West End. Instead the Ministry of Tourism is spending money on advertising for a shiite product in Nassau when that money could be spent by developing tourism in Grand Bahama with products that tourists actually want and will pay a premium for.
But Bahamians in power (and most Bahamians in general) do not have good mental machinery, and like a tired old riding horse, always runs to the barn of its master instead of running the other way to (economic) freedom. We, in essence, are too dumb to govern ourselves. Lindon Oscar Swindling and his cohorts of facilitators, including the dumb phocques who voted for him for years are to blame. We could be the jewel of the Caribbean and instead we are a bible-thumping, webshop-gaming, sweethearting cesspit of humanity.
What Pinder and others do not realise, is that you can't teach modern jobs to students who do not have the educational history and capacity to do the jobs.
To stop reliance on foreigners doing high-value jobs, we must educate Bahamian children in STEM (Science, Technology, Engineering and Math) from a very early age in primary school, otherwise they do not have the capacity to catch up.
It will be a funny ironic day, when hackers get into the system, bleed it for millions of dollars, and then realise that they are Bahamian dollars and return it, and start a gofundme campaign for the central bank.
Can't have eGovernment until the government appoints a CIO with God powers. Their will be wailing and gnashing of teeth, because eGovernment initiatives turf unproductive employees out of a job. A reasonable estimate is that 2/3rds of the civil servants can go, and productivity will increase by a factor of 100.
No risk here at all. Anyone who understands penny stock pump and dump know that this is purely a stock play. The company manufacturers news to drive the price up a few pence, they blow off tens of millions of shares in their back pocket, keep the money, and have no intention of drilling or finding oil. This is just a money spinner for them, and oil, or more accurately snake oil is just the vehicle for moneymaking. They can do this because everyone in the Bahamas is financially naive. This has been going on in Canada in the resource sector for close to 100 years and only one or two in that whole time have actually found resources.
banker says...
It looks like a memorial shirt for a relative.
On Three children taken in 24 hours
Posted 8 March 2019, 11:47 a.m. Suggest removal
banker says...
Tell dat fat-fingered booger-beuy criminal to sit small.
On ‘Majority of Bahamians believe in the PLP’
Posted 7 March 2019, 11:22 a.m. Suggest removal
banker says...
Thanks man. This is what blows me away about how things are done. We want to jump right into the big leagues without learning how to play in the minor leagues.
Take Kwasi Thompson's bid to make Grand Bahama a tech hub. Stupidly, they are introducing a BH-1B visa for tech workers for tier 1 companies. Those companies are not going to pay to duplicate IT operations in Grand Bahama, along with a whole new layer of management to lead it. They are going to let the qualified candidates work remotely. On top of it all, there are no social amenities for the workers, where interns get paid $69,000 per year and new graduates start out at $99,000. They aren't going to want to live in a hell hole with a rat-infested grocery store (I saw a huge rat run under a bunker freezer of meat in the grocery store on Sea Horse Road).
But if they started with a tech incubator like Cayman Islands did, they would build from the bottom up, and then graduate to the big leagues. Cayman now has over 100 blockchain companies, and one of them raised $3 billion.
There are ways to start inexpensively and let the infrastructure evolve organically, but the plan is flawed, they don't know what they don't know, and pretend that they do. Kwasi Thompson is a failure at making a tech hub. In two years he has nothing. And the huge irony is that I listened to the speakers (they are all on youtube) for the first tech summit two years ago, and there were some viable ideas taken from other jurisdictions. It is the blind leading the blind.
On INSIGHT: 0.00000717% – That’s the chance of a tourist being a victim of crime here
Posted 6 March 2019, 1:57 p.m. Suggest removal
banker says...
>And this can easily happen with The revamping of downtown and the port and enhancement to the Family Islands.
Sorry, not true. Tourists these days don't want the tired sun, sand and seas. That was true in the 1960's when it was new, but tourists want more now. Nassau offers less than a Miami mall with the same weather and palm trees.
Tourism has been dissected into niches. The niches range from ecology (ziplining in the Costa Rica rainforest canopy), sport-related tourism (surfing in Portugal, diving in the Maldives), personal enrichment tourism (the El Camino walking tour/pilgrimage in Spain), gastro-tourism (tour of Michelin-starred restaurants), history tourism, glitz and glamour tourism (Las Vegas) and many more. All of this is classed under experiential tourism -- they just don't want to come and sit on the beach and drink daiquiris and buy cheap knockoffs of luxury brands -- that is so 50 years ago.
There are positive movements afoot - kayaking and eco tourism on Grand Bahama, bike tours on Grand Bahama, there is a whole unexploited Lucayan history thing in the National Park on Grand Bahama. There could be shark tours off West End. Instead the Ministry of Tourism is spending money on advertising for a shiite product in Nassau when that money could be spent by developing tourism in Grand Bahama with products that tourists actually want and will pay a premium for.
But Bahamians in power (and most Bahamians in general) do not have good mental machinery, and like a tired old riding horse, always runs to the barn of its master instead of running the other way to (economic) freedom. We, in essence, are too dumb to govern ourselves. Lindon Oscar Swindling and his cohorts of facilitators, including the dumb phocques who voted for him for years are to blame. We could be the jewel of the Caribbean and instead we are a bible-thumping, webshop-gaming, sweethearting cesspit of humanity.
On INSIGHT: 0.00000717% – That’s the chance of a tourist being a victim of crime here
Posted 6 March 2019, 11 a.m. Suggest removal
banker says...
What Pinder and others do not realise, is that you can't teach modern jobs to students who do not have the educational history and capacity to do the jobs.
To stop reliance on foreigners doing high-value jobs, we must educate Bahamian children in STEM (Science, Technology, Engineering and Math) from a very early age in primary school, otherwise they do not have the capacity to catch up.
On Bahamians urged to fill the ‘skills gap’
Posted 5 March 2019, 11:20 a.m. Suggest removal
banker says...
It will be a funny ironic day, when hackers get into the system, bleed it for millions of dollars, and then realise that they are Bahamian dollars and return it, and start a gofundme campaign for the central bank.
On Digital B$ ‘pilot’ ready for 2020
Posted 5 March 2019, 11:17 a.m. Suggest removal
banker says...
Can't have eGovernment until the government appoints a CIO with God powers. Their will be wailing and gnashing of teeth, because eGovernment initiatives turf unproductive employees out of a job. A reasonable estimate is that 2/3rds of the civil servants can go, and productivity will increase by a factor of 100.
On PM: Bahamas can follow Estonia on e-government
Posted 2 March 2019, 4:12 p.m. Suggest removal
banker says...
dere een no fookin erl ..
On DPM: Govt ‘locked in’ on oil exploration
Posted 28 February 2019, 12:49 p.m. Suggest removal
banker says...
You aint gonna be a tech hub on Grand Bahama if you want to fingerprint skilled help work permits.
On Foreign workers - pay or go home
Posted 27 February 2019, 11:25 a.m. Suggest removal
banker says...
No risk here at all. Anyone who understands penny stock pump and dump know that this is purely a stock play. The company manufacturers news to drive the price up a few pence, they blow off tens of millions of shares in their back pocket, keep the money, and have no intention of drilling or finding oil. This is just a money spinner for them, and oil, or more accurately snake oil is just the vehicle for moneymaking. They can do this because everyone in the Bahamas is financially naive. This has been going on in Canada in the resource sector for close to 100 years and only one or two in that whole time have actually found resources.
On Govt ‘duplicitous’ on oil licence extension
Posted 27 February 2019, 10:50 a.m. Suggest removal