There are two challenges that Bahamian businesses encounter. The first is employee theft, see Ministry of Education story currently running in the dailies, Taylor industries had 2 large scale problems with employee theft in one particular department over the years. The first was just over 20 years ago if I remember correctly. The second problem effects legacy businesses, those that have been open for a dozen years or more; and that is the liability to pay severance to employees who are discharged. With 40 long serving employees the company's liability cost to terminate it's employees could approach one million dollars. Obviously a business that has not been doing well does not have such a sum and so has no choice but to declare bankrupt and close. We can expect more such business closures in the future most particularly amongst those with a large staff employed over a long time. This situation is a direct result of successive government policies which have pandered to the employees at the expense of the employer. Governments want to get re-elected and know that while employees can vote businesses can not. As Margaret Thatcher once said "socialism works well until you run out of money to borrow." . Good luck to all those who own businesses in this country and let us hope that the business environment never gets as bad as Venezuela.
Prime minister Minnis is flying to Brussel's, . . . But taking no Knowles's, no Albury's, or Russell's, . . . Those Long Island Knowles's are used to hard work, . . . . …. And them Abaco Conches are known not to shirk, . . . .. It would be a safe bet that he's flying first class, . . . . .. This'll be one time you won't get a cut ar-ticles. . .. … . I wonder how many conies will get a free trip, . . . . .. Earning plenty tax dollars as champagne they sip. . . . . The cost of this trip to see the Belgiques. . . ……... . Will only be known by a cabinet leak. . . . .. And our national debt is now eight billion or more, . . . .. But are leaders are frolicking far from our shore. . .
Hey MadHater, your statement. " people in the Middle East who remove the clitoris and a portion of the labia " refers to the wrong continent and the wrong religion. Other than that you earn a D_. sigh.....
This delay reminds me of the song written by the late Ray Sawyer and recorded by Dr. hook and The Medicine Show called "I got stoned and I missed it", we are in danger of totally missing the proverbial boat with this one, again......
hrysippus says...
There are two challenges that Bahamian businesses encounter. The first is employee theft, see Ministry of Education story currently running in the dailies, Taylor industries had 2 large scale problems with employee theft in one particular department over the years. The first was just over 20 years ago if I remember correctly. The second problem effects legacy businesses, those that have been open for a dozen years or more; and that is the liability to pay severance to employees who are discharged. With 40 long serving employees the company's liability cost to terminate it's employees could approach one million dollars. Obviously a business that has not been doing well does not have such a sum and so has no choice but to declare bankrupt and close. We can expect more such business closures in the future most particularly amongst those with a large staff employed over a long time.
This situation is a direct result of successive government policies which have pandered to the employees at the expense of the employer. Governments want to get re-elected and know that while employees can vote businesses can not. As Margaret Thatcher once said "socialism works well until you run out of money to borrow." . Good luck to all those who own businesses in this country and let us hope that the business environment never gets as bad as Venezuela.
On Taylor Industries employees: ‘Customers knew more than us’
Posted 18 January 2019, 9:45 a.m. Suggest removal
hrysippus says...
Jumping from a trying plan into the cruise line's ire?
On Passenger banned after jumping from cruise ship in Nassau
Posted 17 January 2019, 7:18 p.m. Suggest removal
hrysippus says...
Prime minister Minnis is flying to Brussel's, . . .
But taking no Knowles's, no Albury's, or Russell's, . . .
Those Long Island Knowles's are used to hard work, . . . . ….
And them Abaco Conches are known not to shirk, . . . ..
It would be a safe bet that he's flying first class, . . . . ..
This'll be one time you won't get a cut ar-ticles. . .. … .
I wonder how many conies will get a free trip, . . . . ..
Earning plenty tax dollars as champagne they sip. . . . .
The cost of this trip to see the Belgiques. . . ……... .
Will only be known by a cabinet leak. . . . ..
And our national debt is now eight billion or more, . . . ..
But are leaders are frolicking far from our shore. . .
On Minnis right to go on EU visit, says Turnquest
Posted 17 January 2019, 6:08 p.m. Suggest removal
hrysippus says...
I stand corrected. My apologies for doubting you.
On Marijuana move could take years
Posted 17 January 2019, 5:41 p.m. Suggest removal
hrysippus says...
This editorial is brilliant. Now if only the government have the integrity to implement this recommendation.
On EDITORIAL: Real transparency, real accountability
Posted 17 January 2019, 2:24 p.m. Suggest removal
hrysippus says...
Hey MadHater, your statement. " people in the Middle East who remove the clitoris and a portion of the labia " refers to the wrong continent and the wrong religion. Other than that you earn a D_. sigh.....
On Marijuana move could take years
Posted 17 January 2019, 2:19 p.m. Suggest removal
hrysippus says...
This delay reminds me of the song written by the late Ray Sawyer and recorded by Dr. hook and The Medicine Show called "I got stoned and I missed it", we are in danger of totally missing the proverbial boat with this one, again......
On Marijuana move could take years
Posted 17 January 2019, 2:16 p.m. Suggest removal
hrysippus says...
SLowblow, he short man too.
On Felix to sue over university sacking
Posted 16 January 2019, 3:37 p.m. Suggest removal
hrysippus says...
Oh no, that's right it was the other one who promised those meetings.
On DPM blasts ‘unpatriotic’ 35% devaluation claim
Posted 16 January 2019, 2:24 p.m. Suggest removal
hrysippus says...
Hmmm...I wonder if this is the same person who promised monthly meetings with the press? Was that fake news as well?
On DPM blasts ‘unpatriotic’ 35% devaluation claim
Posted 16 January 2019, 2:23 p.m. Suggest removal