That said, are they wrong? I don't think anyone here seriously thinks they are wrong. Government after government refuses to sell BPL or deal realistically with a payroll budget we can afford.
The current public ownership structure is simply unable to adequately keep tabs on the money, due to the non-transparency of BPL financials and incentives that work against good oversight. A private sector owner would be able to watch the money and would have incentive to do so.
Maybe a wiser approach is to consider that Haiti is a failed state and these people are depsarate, and a migrant worker program is a better approach?
I get some people do not want to take any immigrants at all, but the fact is Haiti is failing if it has not failed already so soon there will likely be no functioning government or airport to take anyone back to thus making impossible any form of deportation.
BEC/BPL is public hands is a total disaster on every level, it should be sold off, we'd have been in a much stronger place if this had occured 10-20 years ago.
Utilities like this with no competition are regulated price wise. To wit, in Cayman, prices per KWH are much lower! (and they are just a small island too which burns oil type fuels)
Wouldn't not approving cruise ship expansion and new LNG burning power plants be the kind of action on lower emissions required to address climate? And we don't have to wait for anyone else to act, this is all in the control of the Bahamas.
Bahamas must make more money per tourist to pay this all off. You can't do that at the low levels of spend per cruise visitor. Government policy has to be used to get the tourists off cruise ship based tourism and into hotels. Fortunately, cancelling the cruise ship permissions to enter the Bahamas can be done by government decree alone. Ideally you do this with other islands and Central America, but if not you do it alone.
concerned799 says...
That said, are they wrong? I don't think anyone here seriously thinks they are wrong. Government after government refuses to sell BPL or deal realistically with a payroll budget we can afford.
On Bahamas downgraded by Standard & Poor's
Posted 14 November 2021, 1:51 a.m. Suggest removal
concerned799 says...
Fortunately, this is both a high return and easy problem to solve. Kick them all out of the Bahamas, should have been done years ago.
On Bahamas downgraded by Standard & Poor's
Posted 14 November 2021, 1:49 a.m. Suggest removal
concerned799 says...
Step 1 would seem to be selling off BPL so the public treasury does not need to guarantee any more BPL debts and fuel purchases.
On Minister says Bahamians ‘alarmed’ by $10bn debt
Posted 10 November 2021, 2:18 a.m. Suggest removal
concerned799 says...
Yet another reason to privatize BPL.
The current public ownership structure is simply unable to adequately keep tabs on the money, due to the non-transparency of BPL financials and incentives that work against good oversight. A private sector owner would be able to watch the money and would have incentive to do so.
On BPL scrubbed 5,000 vendors due to fraud
Posted 29 October 2021, 3:35 a.m. Suggest removal
concerned799 says...
Maybe a wiser approach is to consider that Haiti is a failed state and these people are depsarate, and a migrant worker program is a better approach?
I get some people do not want to take any immigrants at all, but the fact is Haiti is failing if it has not failed already so soon there will likely be no functioning government or airport to take anyone back to thus making impossible any form of deportation.
On Repatriations delayed by issues at Haiti airport
Posted 2 October 2021, 3:58 p.m. Suggest removal
concerned799 says...
BEC/BPL is public hands is a total disaster on every level, it should be sold off, we'd have been in a much stronger place if this had occured 10-20 years ago.
On Parts of New Providence hit by power outage
Posted 2 October 2021, 3:52 p.m. Suggest removal
concerned799 says...
I would sell all BUT W&S, in other places selling water does not work out well, its too essential.
On Parts of New Providence hit by power outage
Posted 2 October 2021, 3:51 p.m. Suggest removal
concerned799 says...
Utilities like this with no competition are regulated price wise. To wit, in Cayman, prices per KWH are much lower! (and they are just a small island too which burns oil type fuels)
On Parts of New Providence hit by power outage
Posted 2 October 2021, 3:50 p.m. Suggest removal
concerned799 says...
Wouldn't not approving cruise ship expansion and new LNG burning power plants be the kind of action on lower emissions required to address climate? And we don't have to wait for anyone else to act, this is all in the control of the Bahamas.
On Davis wants vaccine equity and climate action
Posted 28 September 2021, 2:08 a.m. Suggest removal
concerned799 says...
Bahamas must make more money per tourist to pay this all off. You can't do that at the low levels of spend per cruise visitor. Government policy has to be used to get the tourists off cruise ship based tourism and into hotels. Fortunately, cancelling the cruise ship permissions to enter the Bahamas can be done by government decree alone. Ideally you do this with other islands and Central America, but if not you do it alone.
On Bahamas downgraded by Moody's
Posted 18 September 2021, 1:05 p.m. Suggest removal