Comment history

newcitizen says...

So the Gambian government had to pay Alimenta $11.2 million for nationalizing their peanut plant. So they were in the wrong. Now why do you hate them for running a successful business that dominated the peanut market? Why do you hate them for setting up shell companies so that their investments are protected? And according to this State memo, Sarkis is a Bahamian national. Then why are we not trying to support our own?

On Govt leaves talks blaming Baha Mar

Posted 29 July 2015, 3:14 p.m. Suggest removal

newcitizen says...

Does Paul Major have any economic or financial training what so ever?

*- whatever is spent directly there is some multi-plier effect that translates that into a GDP impact. It’s somewhere between 3 and 7 per cent as a multiplier effect. Whatever the foreign input is is multiplied by as much as seven times*

What?! 3-7% does not mean 3-7x. This is some basic math. This is aside form the fact that most tourism GDP calculations rely on a 1.4 or 1.5 multiplier of direct input. This man has no idea what he's talking about.

On Carnival chief stands by $50m GDP impact

Posted 29 July 2015, 3:01 p.m. Suggest removal

newcitizen says...

Is the Tribune so strapped for stories that they have to publish every comment that these idiots make? It's basically just a back and forth of poorly constructed insults from one person to another. 'What he said was unprofessional' - 'Well he should mind his own business' - 'He doesn't know what he's doing'. It's like a grade school playground fight.

newcitizen says...

This government has proven time and again that you can't trust a single thing they say. I'm not saying Baha Mar' side is telling the truth, but the government is absolutely adding lies to theirs.

On Govt leaves talks blaming Baha Mar

Posted 29 July 2015, 2:40 p.m. Suggest removal

newcitizen says...

So if this dock is so illegal, then who trampled on Bahamians rights? Sarkis, or perhaps the Bahamian government that approved it. Don't hate Sarkis because the government screwed Bahamians. Hate the government.

On Govt leaves talks blaming Baha Mar

Posted 29 July 2015, 2:36 p.m. Suggest removal

newcitizen says...

Tal is just a troll. Don't feed her.

On Govt leaves talks blaming Baha Mar

Posted 29 July 2015, 2:32 p.m. Suggest removal

newcitizen says...

Sell it! We pay crazy rates and still have to pay more at the end of the year through our taxes. Even if a private company was ripping us off like a bandit we would still be saving money over the government run BEC.

newcitizen says...

Of course VAT won't be helping out debt ratio, our government doesn't know how to stop spending money. They spend money like it's going out of style. We have a problem with fiscal responsibility in this country and our government sets a terrible example.

newcitizen says...

The government has no power in this. They are doing what they are told by the Chinese bank. They were bought and now they have no sway in the negotiations except to back their benefactors.

newcitizen says...

The bigger question is why hasn't the government collected tax arrears not associated with Baha Mar. The Baha Mar tax break are in the future and wouldn't even amount to the $408M if the resort wasn't built because the tax amount is based on the value and that property would not be as valuable with a mega resort sitting on it.

Currently the government has only actually given concessions for the duty reduced construction material ($286.312M), real-property tax exemption of ($10.758M from 2005-2012 so we'll double it to $21.516 to account up until 2015), and infrastructure costs which you could argue needed to be done, but we can include them ($49.503M). This totals $357.331M. That's all of the actual money, in either concessions or investment, that the government has actually given. The rest is just future money that would never exist if they had not approved this development. The government decided it was a good trade for the economy to do this (which you may disagree with). They are not investing the current $357.331M and trading future revenues without have a great deal to gain. To say that the government has just given $1.2B to this project is ridiculous.

For PwC as the intended liquidators, even if they are impartial, the coincidences keep adding up to a run around by our government to give Baha Mar to the Chinese.