This is the stupidest idea ever. The H1-B visa was designed to bring in computer programmers and skilled help into the US. There were strict guidelines -- the holder had to have a tertiary degree in the field with some experience, etc. That was cut off by the Trump administration.
So here is the flawed thinking of the committee headed by the erstwhile head of BPL. These American companies cannot import tech help any longer. So what they will do, is set up satellite companies in Grand Bahama, and do the work in GB for America. Stupid, stupid, stupid.
Companies that do this, will not only have to invest in hiring the foreign help, they will have to create subsidiaries in the Bahamas. This will involve capital expenditure, buildings, a new tier of management, relocation expenses for American management for the foreign workers, huge importation of data centers, etc.
On top of this, there is not the social environment and developer eco-system. They need housing, recreational facilities, a wide variety of restaurants, cultural venues, movie theaters, shopping malls, etc. Have you been in the grocery store in Freeport?
The only tech company so-far attracted, is a Potemkin Village company who is rumoured to have layoffs already. It is a "Look busy, Jesus is coming" public relations effort with no real economic impact to Grand Bahama. By their fruits ye shall know them. No serious company wants to invest after an initial visit to the Island.
There is no way in hell that this cockamamie scheme will work. It was conceived without even verifying that it was a viable solution to the H-1B visa problem. The committee that designed this so-called solution had no expertise in developing tech, no clue as to the requirements and no idea how to implement it. They picked a fleeting problem from an old newspaper and decided it was the solution.
How are companies getting around the skilled worker problem? They are turning to artificial intelligence to implement software frameworks for them. They are doing with more with less using automation in the software development field. Meanwhile, we look stupid and Grand Bahama remains a dystopian, post-Armageddon ghost town.
Cayman Island work permits now approved in 48 hours. If three months or less, you don't need a medical, just a police check. Over three months, you need a doctor's note, but still a 48 hour approval cycle. They have a second high tech business park and incubator going now. In addition to Cayman Enterprise City, they now have Cayman Tech. They have had over 100 new companies last year.
Were you looking in the mirror, when you said what you said in the final sentence?
If you look at brewing from a supply chain perspective, the grains and corns that go into beer get huge agricultural subsidies from the US government making it cheaper for them to produce beer on a massive scale. In the Bahamas, the raw matierals must be transported across international boundaries, imported, dutied and processed in smaller batches by employees whereby the process is not as efficient as the economies of scale in the US. Hence cheaper beer.
What nobody realises, is that we are on the slow road to becoming a failed state. The government deficits and debts are unsustainable. There is no way to pay them off. There would a helluva lot more economic pain if we told the EU to fook themselves. We are caught between a rock and hard place. Tourism is keeping us going, but the well is starting to run dry there. The effort to create a tech hub on Grand Bahama is a huge bust because Kwasi et al just don't know how to do it, and/or don't have the guts to take the plunge. They are all fatcats just collecting a salary while pretending to do something. There's another failed dream.
Bahamians are great talkers but not great doers. Anyone with vision is pushed aside. We have a huge population of largely useless human capital. Whenever any Bahamian gets to a place higher than his/her fellow man, they get all biggetty and think that they are infallible like the pope claims to be. All they do is enshrine their biases and ignorances and shower their largesse on their supporters just as a huge onanistic ego stroke.
We een gern nowhere but downhill. It een a fass ride, but the end een gern be pretty. The lucky ones will eat pigeons and coconuts. The conch, grouper and lobster will be all gone and the poor family islanders will be the Bahamians that are best off, because they already know how to live without the boats coming in erry day and making a small number of folks rich. One day, those Bahamian dollars will be useless.
banker says...
tell dat batty beuy to sit small. he een gern git elected next time.
On McAlpine: Don’t be so petty, Dr Minnis
Posted 26 February 2019, 4:22 p.m. Suggest removal
banker says...
Pump and dump penny stocks. Sighhhhhh
On ‘Fresh impetus’ for oil explorer
Posted 25 February 2019, 6:29 p.m. Suggest removal
banker says...
This is the stupidest idea ever. The H1-B visa was designed to bring in computer programmers and skilled help into the US. There were strict guidelines -- the holder had to have a tertiary degree in the field with some experience, etc. That was cut off by the Trump administration.
So here is the flawed thinking of the committee headed by the erstwhile head of BPL. These American companies cannot import tech help any longer. So what they will do, is set up satellite companies in Grand Bahama, and do the work in GB for America. Stupid, stupid, stupid.
Companies that do this, will not only have to invest in hiring the foreign help, they will have to create subsidiaries in the Bahamas. This will involve capital expenditure, buildings, a new tier of management, relocation expenses for American management for the foreign workers, huge importation of data centers, etc.
On top of this, there is not the social environment and developer eco-system. They need housing, recreational facilities, a wide variety of restaurants, cultural venues, movie theaters, shopping malls, etc. Have you been in the grocery store in Freeport?
The only tech company so-far attracted, is a Potemkin Village company who is rumoured to have layoffs already. It is a "Look busy, Jesus is coming" public relations effort with no real economic impact to Grand Bahama. By their fruits ye shall know them. No serious company wants to invest after an initial visit to the Island.
There is no way in hell that this cockamamie scheme will work. It was conceived without even verifying that it was a viable solution to the H-1B visa problem. The committee that designed this so-called solution had no expertise in developing tech, no clue as to the requirements and no idea how to implement it. They picked a fleeting problem from an old newspaper and decided it was the solution.
How are companies getting around the skilled worker problem? They are turning to artificial intelligence to implement software frameworks for them. They are doing with more with less using automation in the software development field. Meanwhile, we look stupid and Grand Bahama remains a dystopian, post-Armageddon ghost town.
On Tech hub ‘visa’ being finalised
Posted 25 February 2019, 11:26 a.m. Suggest removal
banker says...
Cayman Island work permits now approved in 48 hours. If three months or less, you don't need a medical, just a police check. Over three months, you need a doctor's note, but still a 48 hour approval cycle. They have a second high tech business park and incubator going now. In addition to Cayman Enterprise City, they now have Cayman Tech. They have had over 100 new companies last year.
Were you looking in the mirror, when you said what you said in the final sentence?
On Tech firm denies one-shot lay-offs
Posted 22 February 2019, 11:32 a.m. Suggest removal
banker says...
LOL.
On EDITORIAL: A light at the end of the tunnel
Posted 21 February 2019, 11:15 a.m. Suggest removal
banker says...
If you look at brewing from a supply chain perspective, the grains and corns that go into beer get huge agricultural subsidies from the US government making it cheaper for them to produce beer on a massive scale. In the Bahamas, the raw matierals must be transported across international boundaries, imported, dutied and processed in smaller batches by employees whereby the process is not as efficient as the economies of scale in the US. Hence cheaper beer.
On Commonwealth Brewery Limited terminates 73 employees
Posted 20 February 2019, 5:07 p.m. Suggest removal
banker says...
You forgot webshop activity.
On ‘Nipped in the Bud’: Brewery lays off 73
Posted 20 February 2019, 11:11 a.m. Suggest removal
banker says...
Who the hell has computer glitches in this day and age. That is so 1990's!
On Now ‘computer glitch’ stalls Oban
Posted 20 February 2019, 9:12 a.m. Suggest removal
banker says...
What nobody realises, is that we are on the slow road to becoming a failed state. The government deficits and debts are unsustainable. There is no way to pay them off. There would a helluva lot more economic pain if we told the EU to fook themselves. We are caught between a rock and hard place. Tourism is keeping us going, but the well is starting to run dry there. The effort to create a tech hub on Grand Bahama is a huge bust because Kwasi et al just don't know how to do it, and/or don't have the guts to take the plunge. They are all fatcats just collecting a salary while pretending to do something. There's another failed dream.
Bahamians are great talkers but not great doers. Anyone with vision is pushed aside. We have a huge population of largely useless human capital. Whenever any Bahamian gets to a place higher than his/her fellow man, they get all biggetty and think that they are infallible like the pope claims to be. All they do is enshrine their biases and ignorances and shower their largesse on their supporters just as a huge onanistic ego stroke.
We een gern nowhere but downhill. It een a fass ride, but the end een gern be pretty. The lucky ones will eat pigeons and coconuts. The conch, grouper and lobster will be all gone and the poor family islanders will be the Bahamians that are best off, because they already know how to live without the boats coming in erry day and making a small number of folks rich. One day, those Bahamian dollars will be useless.
On Bran: ‘To hell with you blacklisters’
Posted 19 February 2019, 11:25 a.m. Suggest removal
banker says...
Openess and transparency never hurt anyone. Where there is smoke, there is fire and the SEC is efficient at finding the fire behind the smoke.
On Bahamas broker blasts ‘sham’ US investigation
Posted 18 February 2019, 11:22 a.m. Suggest removal