Price controls contravene the laws governing economics. They cause more problems than they solve. If you disagree then just take a look at how price control on gasoline in Haiti has worked out.
Shingle bells, shingle bells, shingles all the way, Oh what fun a cabinet post so other peoples pay, Dashing through the crowd in a chauffer driven car, Down to the bank we go singing hah, hah, hah hah.
I remember taking a Bahamian Politics class at COB with Mr. Bethel and being very surprised when he showed up at my place of employment in December and asked for some Christmas money. He said he had a lot of his children to buy gifts for. Still he gave an A grade for that course so I guess it was a lesson in how politics in the Bahamas really worked.
Kevin Heavens writes ,: " Free will is intrinsic to our humanity". This is a rather surprising assertion. I wonder if he can back it up with any evidence, the scientific kind not some biblical legend.
In the short term what the honourable minister is asserting is almost certainly correct however it is the longer term viability of the fund that is the problem. It has been mismanaged for decades. how much are the bob shares worth now? How much income did the nib fund accrue through their purchase?
Is it a coincidence that France was the country that the Bahamian government refused to cooperate for over 8 years over a French financial fugitive, this happened partly under the Ingraham administration. The Hon. Janet Bostwick should just maybe shoulder some of the blame for the antagonism that France appears to bear towards The Bahamas. It was reported by the media at that time that as Foreign Minister she ducked meetings over this issue for years if my memory serves me correctly.
nib funds that were held in trust and supposed to invested to pay the pensions of future retirees have instead been diverted to prop up failing government owned institutions such as Bahamasair and bob. these actions taken by prior ministers of finance and cabinets will have seriously bad repercussions. I have been telling everyone I know for decades now to not rely on nib for a pension. The mismanagement of funds was obvious and even reported in the newspapers.
hrysippus says...
This heavy rain is going to keep many potential customers home and hurt sales.
On Vendors hopeful of sales rise despite slow start
Posted 23 December 2019, 11:26 a.m. Suggest removal
hrysippus says...
Price controls contravene the laws governing economics. They cause more problems than they solve. If you disagree then just take a look at how price control on gasoline in Haiti has worked out.
On ‘We need bigger profit on eggs’
Posted 17 December 2019, 7:59 a.m. Suggest removal
hrysippus says...
Shingle bells, shingle bells, shingles all the way,
Oh what fun a cabinet post so other peoples pay,
Dashing through the crowd in a chauffer driven car,
Down to the bank we go singing hah, hah, hah hah.
On Many shocked at outcome of case
Posted 13 December 2019, 3:27 p.m. Suggest removal
hrysippus says...
I remember taking a Bahamian Politics class at COB with Mr. Bethel and being very surprised when he showed up at my place of employment in December and asked for some Christmas money. He said he had a lot of his children to buy gifts for. Still he gave an A grade for that course so I guess it was a lesson in how politics in the Bahamas really worked.
On Sad death of Felix Bethel
Posted 13 December 2019, 3:18 p.m. Suggest removal
hrysippus says...
Kevin Heavens writes ,: " Free will is intrinsic to our humanity". This is a rather surprising assertion. I wonder if he can back it up with any evidence, the scientific kind not some biblical legend.
On Dorian: More than just a natural phenomenon
Posted 12 December 2019, 4:32 p.m. Suggest removal
hrysippus says...
The entitlement mentality in action. I is a customer so I is entitled to some free tings ..
On No sugar? Well that's not very customer friendly
Posted 6 December 2019, 12:06 p.m. Suggest removal
hrysippus says...
In the short term what the honourable minister is asserting is almost certainly correct however it is the longer term viability of the fund that is the problem. It has been mismanaged for decades. how much are the bob shares worth now? How much income did the nib fund accrue through their purchase?
On Rolle confident NIB has enough resources to meet commitments
Posted 6 December 2019, 7:11 a.m. Suggest removal
hrysippus says...
Is it a coincidence that France was the country that the Bahamian government refused to cooperate for over 8 years over a French financial fugitive, this happened partly under the Ingraham administration. The Hon. Janet Bostwick should just maybe shoulder some of the blame for the antagonism that France appears to bear towards The Bahamas. It was reported by the media at that time that as Foreign Minister she ducked meetings over this issue for years if my memory serves me correctly.
On France acts alone to put Bahamas on blacklist
Posted 4 December 2019, 2:56 p.m. Suggest removal
hrysippus says...
nib funds that were held in trust and supposed to invested to pay the pensions of future retirees have instead been diverted to prop up failing government owned institutions such as Bahamasair and bob. these actions taken by prior ministers of finance and cabinets will have seriously bad repercussions. I have been telling everyone I know for decades now to not rely on nib for a pension. The mismanagement of funds was obvious and even reported in the newspapers.
On Protests continue as NIB blames pressure on fund
Posted 3 December 2019, 8:50 p.m. Suggest removal
hrysippus says...
There are probably still some people that believe that OJ Simpson was not guilty.
On Davis was the brains - Gibson
Posted 3 December 2019, 12:09 p.m. Suggest removal