Comment history

hrysippus says...

BOB should never get their license to lend back. The bank has an unparalleled record of lending to PEP's without adequate security or safeguards.

On BOB: Unleash us for commercial lending

Posted 16 November 2021, 1:35 p.m. Suggest removal

hrysippus says...

Wow. the downgrades continue. Junk bond rating and not even Main Section news any longer.

On Bahamas downgraded by Standard & Poor's

Posted 12 November 2021, 9:19 p.m. Suggest removal

hrysippus says...

This rather prolific contributor to the letters columns of our local print media writes; "Famed American philosopher Dr Sam Harris once nonchalantly remarked that, if given a choice to get rid of either religion and rape, he wouldn’t hesitate to get rid of the former. Harris’ insensitive remarks would no doubt deeply offend rape victims at UB". I suspect that he is totally wrong in this assumption. Why would anyone who has been raped be offended by the idea that being raped is just a price worth paying for being able to belong to a religious sect. There are hundreds of minors abused by Christian church leaders who would also probably agree with philosopher's cited quote.

hrysippus says...

After almost 50 successive years of governmental reckless management of the country's fiscal affairs we are now approaching the endgame. I suspect the only way forward in the short term that I can see is that we sell our fishing rights, probably to China. Marine resources being our major natural resource. Possibly also our sand.

On Level of debt facing the nation

Posted 10 November 2021, 9:14 a.m. Suggest removal

hrysippus says...

Can these elected officials really be so ignorant of the workings of a market economy that they think that they can mandate a utility company to sell the electricity that they generate for less than the cost of generation? Now remind me how that worked out with water production in Eleuthera a year or two back?

hrysippus says...

"We will put these foxes in the henhouse to protect the hens."
What could possibly go wrong?

On Campaign finance reform on agenda

Posted 9 November 2021, 11:22 a.m. Suggest removal

hrysippus says...

To suggest that the rest of the world's industrialized nations are responsible for the rising CO2 levels and the consequent rise in atmospheric temperature, climate change, and sea level rises, while the Bahamas is not is just silly. We have maybe over 100,000 vehicles , and power geration based on bunker C fuel for decades, tens of thousands of homes burn AC, hundreds of thousands of us possess cellphones. We contribute to climate change in a bog way when measured per capita. To believe anything else is to simply deceive yourself.

hrysippus says...

Thought provoking and grounded in life experience.

On Rising Sea

Posted 30 October 2021, 11:43 a.m. Suggest removal

hrysippus says...

Adding 10% value added tax onto breadbasket items will result in a higher than 10% price increase to the grocery shopper. The increase will be somewhat compounded; 20% vat on the original cost and the shipping costs, then the wholesaler must pay an additional 10% on his selling cost while claiming back the Valued Added Tax paid on the import, then the retail grocery store must ad 10% to the selling price while claiming back the 10% paid to the purchaser. The bottom line is that the cost will rise by more than 10%.

hrysippus says...

A cabinet minister advocating for appointing a committee to prepare a report is a great low risk way to do nothing and achieve nothing while appearing to do something.