So the agents are blaming VAT for raising the cost? It only raises the cost of the agents fees, the lawyers fees, and the appraisal and the rest is still the same 10% total. So that means you add 7.5% to 6% (real estate fee) 2% (legal fee) and 1% (appraisal and bank charges), which means you add 7.5% of 10.5% which amounts to 0.78% of the total price. Maybe they should be looking at other things, like lowering the real estate commission which is 4% in Canada and most of the US. Or maybe it's the fact that these real estate agents are telling sellers that their property is worth more than it is. Failure to manage the expectations of the seller leads to homes staying on the market because they are priced way to high.

Christy, Maynard and all can't go with plan. They all will have to risk their shop leases and pool contracts at the new 'Point' complex.

You're understanding of how a devaluation would play out is wrong. Also, your understanding of how the banking exchange system works.

A devaluation of the currency, by even a small amount would be catastrophic to the Bahamian economy. Since we import about 95% of all good here. You only increase the competitiveness if you produce something. Our costs will remain the same in US dollars, it will just cost us more Bahamian dollars. It will also devalue everyone who has any savings in BSD. So costs will remain the same but we will have less money to pay for things.

A one time devaluation or any devaluation of our dollar is not something the Bahamas can deal with.

Ask the members of parliament what macro-economic means and you might be lucky to get a couple right answers. The problem with our government is that no one involved has any idea what they are actually doing.

Don't bother with her anymore. She's gone off the deepend and trying to make every comment she has, about the 'dock' or some other tangent. Her first comment here has nothing to do with the actual article. Just spouting off on one of her go to agendas.

While I agree about it only applying to the private sector, the governments lowest wage is apparently right around the $210. Gibson is claiming that the new minimum wage will bring it in line with the government's pay scale. How true that is, I don't know.

They have store contracts in the Point on the line. They need to side with CCA to get their Hilton kickback.

If the Chinese bank believes that Bahamar can't enforce any of the Chapter 11 rulings in the Bahamas, then why do they care if the case continues? They know that Bahamar can still enforce the rulings and that is why they are fighting it so hard.

That would mean there were more people working at carnival then there were attending.