"the study found that in 2015 the Atlantis resort generated 10.6 percent of GDP and 9.3 percent of employment".
Ok, how much is Atlantis resort generating now? 0% of GDP....in fact its a net drain....they need to pay the staff their redundancy pay so they can get on with their lives.
Did the ERC report go into all the tax concessions and land donated to Baha Mar and Atlantis...on the backs of the poor Bahamians?
Did the ERC go into the sale of Atlantis in the leveraged buy out that Sol did and saddled the property with so much debt that can't even do renovations and the place is looking tired.
Then resold it to Brookfield .... I know Brookfield is crying in their beer that they didn't sell Atlantis when they had a good offer. Atlantis is cash flow negative, always was, always will be. Its a capital game of selling it forward to the next fool while getting freebees from Bahamains.
wake up bahamas...ya gettin swing again from rich foreigners and their puppets.
The ERC should be ashamed of themselves. All they talk about is foreigners this and foreigners that. There is nothing in this report for average Bahamian....but then again they never did have the best interest of the young man in Bain Town with no job, education or hope.
My position is still that the mega western gated communities, big box hotels are a net drain on society.
Who uses 90% of BEC's power and thus account for 90% of BEC's losses.
Who is utilizing massive amounts of low skilled foreign labor creating a massive drain on our educational, immigration and health care systems...included the big cay in Abaco?
Who "corrupted" successive governments so that there is no focus on the small man?
Who is destroying the wetlands for gated communities?
Who is digging for oil which will distroy our fishing zones?
Who is tearing up our sea beds, buying private islands, slicing off the most beautiful part of Eleuthera for a cruise ship port?
Who is living in a income tax free zone paying small amounts of regressive VAT and duties while making billions in the stock market?
Who is selling all of our sand and Bahamians are not making any money off of it except for a couple of UBPs. Watch what happens to the money when they strike all. None of it will trickle down to the poor.
ERC...please stop telling us that the foreigner is our savior.
There is no load shedding this summer because Atlantis, Baha Mar, Breezes, Sandals and Bay St are closed.
Excellent job BPL on not load shedding.
The Prime Minister is to be congratulated in shutting the country down and getting Covid under control.
Turnquest has found a way to keep all government employees on staff and hard at work by borrowing. We only have total debt of $10 billion. I think we can handle up to $20 billion. So no need to open up, load shed or anything else.
If I were Atlantis I would open back up under the emergency orders and hopefully in February in the middle of winter we will have a vacine so they can stay open and Minnis doesn't have to shut them down again.
Ohhh....but how do you do a tourist business with social distancing...how do you open the restuarants, bars, beaches, booze cruises, cruse ships....we are on the right path.
OMG, sorry, I was being cynical. I'm not suggesting that "outright theft from the tax payer should be overlooked". But theft is a very strong accusation and has to be proven in a court of law and someone will need to prosecute. This should take about 10 years. But with the pandemic, Covid 19 protocols and emergency orders in place the brown envelope is demonstrating that employees are thinking out of the box!
ThisIsOurs, I think the brown envelope to collect cash is much more effective than have a cash register at each post office.
Why have basic accounting internal controls like a cash register which is balanced out and closed everyday and all cash receipts deposited on a daily basis at the bank.
Its much easier just to collect the cash, don't give change and then use the cash for expenses. This is much easier because now you don't need to go to the bank.
Ohh, also, they don't accept checks unless they are certified and ohh, they don't accept credit or debit cards either.
cash only please.
This is a pandemic. no mail delievered. everyone gets to keep their jobs.
The US$600 million they just borrowed form foreigners at 9% when Bahamians are only getting 0% at the bank will easily cover these expenses.
We are in a state of emergency. No time to investigate hard working government employees. We are shut down to save lives.
Every year I pay my annual post office box fee for 40 years and the money is put into a legal sized light brown envelope and they never have any change for me. So I jokingly tell them to buy lunch with the change. Now I don't even get international mail since the pandemic started. OK, I better stop complaining...or else.
We borrow in the present and reform in the future.
Whatever happened to the Economic Committee recommendations. I guess that hope is being replaced with new finance reform laws sometimes in November when Covid 19 will be even stronger and the lock down tighter and the economy even weaker.
Is there any end to this hot air, any end to the debt or any end to the lack of reforms?
Bahamas and Shell (probably the worlds worst multinational) invests hundreds of millions into last centuries global warming high carbon foot print fossil fuel and zero in solar or renewable energy.
This agreement with Shell runs completely contrary to the global "Paris Agreement [whose] central aim is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius." United Nations Climate Change.
C19 is child's play compared to the hurricanes and rising sea levels facing the Bahamas.
"Where there is no vision, the people [continue] to perish". Proverbs 29:18
observer2 says...
"the study found that in 2015 the Atlantis resort generated 10.6 percent of GDP and 9.3 percent of employment".
Ok, how much is Atlantis resort generating now? 0% of GDP....in fact its a net drain....they need to pay the staff their redundancy pay so they can get on with their lives.
Did the ERC report go into all the tax concessions and land donated to Baha Mar and Atlantis...on the backs of the poor Bahamians?
Did the ERC go into the sale of Atlantis in the leveraged buy out that Sol did and saddled the property with so much debt that can't even do renovations and the place is looking tired.
Then resold it to Brookfield .... I know Brookfield is crying in their beer that they didn't sell Atlantis when they had a good offer. Atlantis is cash flow negative, always was, always will be. Its a capital game of selling it forward to the next fool while getting freebees from Bahamains.
wake up bahamas...ya gettin swing again from rich foreigners and their puppets.
On Lyford Cay wages equal $3k to all Nassau families
Posted 23 October 2020, 3:01 p.m. Suggest removal
observer2 says...
Sheeprunner. The ERC says these other communities and islands don't count.
On Lyford Cay wages equal $3k to all Nassau families
Posted 23 October 2020, 2:57 p.m. Suggest removal
observer2 says...
The ERC should be ashamed of themselves. All they talk about is foreigners this and foreigners that. There is nothing in this report for average Bahamian....but then again they never did have the best interest of the young man in Bain Town with no job, education or hope.
My position is still that the mega western gated communities, big box hotels are a net drain on society.
Who uses 90% of BEC's power and thus account for 90% of BEC's losses.
Who is utilizing massive amounts of low skilled foreign labor creating a massive drain on our educational, immigration and health care systems...included the big cay in Abaco?
Who "corrupted" successive governments so that there is no focus on the small man?
Who is destroying the wetlands for gated communities?
Who is digging for oil which will distroy our fishing zones?
Who is tearing up our sea beds, buying private islands, slicing off the most beautiful part of Eleuthera for a cruise ship port?
Who is living in a income tax free zone paying small amounts of regressive VAT and duties while making billions in the stock market?
Who is selling all of our sand and Bahamians are not making any money off of it except for a couple of UBPs. Watch what happens to the money when they strike all. None of it will trickle down to the poor.
ERC...please stop telling us that the foreigner is our savior.
Bahamians need to save ourselves.
On Lyford Cay wages equal $3k to all Nassau families
Posted 23 October 2020, 2:52 p.m. Suggest removal
observer2 says...
There is no load shedding this summer because Atlantis, Baha Mar, Breezes, Sandals and Bay St are closed.
Excellent job BPL on not load shedding.
The Prime Minister is to be congratulated in shutting the country down and getting Covid under control.
Turnquest has found a way to keep all government employees on staff and hard at work by borrowing. We only have total debt of $10 billion. I think we can handle up to $20 billion. So no need to open up, load shed or anything else.
If I were Atlantis I would open back up under the emergency orders and hopefully in February in the middle of winter we will have a vacine so they can stay open and Minnis doesn't have to shut them down again.
Ohhh....but how do you do a tourist business with social distancing...how do you open the restuarants, bars, beaches, booze cruises, cruse ships....we are on the right path.
Well done FNM!
On BPL pulls plug on 8,700 late payers
Posted 23 October 2020, 8:25 a.m. Suggest removal
observer2 says...
OMG, sorry, I was being cynical. I'm not suggesting that "outright theft from the tax payer should be overlooked". But theft is a very strong accusation and has to be proven in a court of law and someone will need to prosecute. This should take about 10 years. But with the pandemic, Covid 19 protocols and emergency orders in place the brown envelope is demonstrating that employees are thinking out of the box!
On Consular staff abused finances
Posted 23 October 2020, 7:55 a.m. Suggest removal
observer2 says...
ThisIsOurs, I think the brown envelope to collect cash is much more effective than have a cash register at each post office.
Why have basic accounting internal controls like a cash register which is balanced out and closed everyday and all cash receipts deposited on a daily basis at the bank.
Its much easier just to collect the cash, don't give change and then use the cash for expenses. This is much easier because now you don't need to go to the bank.
Ohh, also, they don't accept checks unless they are certified and ohh, they don't accept credit or debit cards either.
cash only please.
This is a pandemic. no mail delievered. everyone gets to keep their jobs.
On Consular staff abused finances
Posted 23 October 2020, 7:35 a.m. Suggest removal
observer2 says...
The US$600 million they just borrowed form foreigners at 9% when Bahamians are only getting 0% at the bank will easily cover these expenses.
We are in a state of emergency. No time to investigate hard working government employees. We are shut down to save lives.
Every year I pay my annual post office box fee for 40 years and the money is put into a legal sized light brown envelope and they never have any change for me. So I jokingly tell them to buy lunch with the change. Now I don't even get international mail since the pandemic started. OK, I better stop complaining...or else.
On Consular staff abused finances
Posted 23 October 2020, 6:50 a.m. Suggest removal
observer2 says...
When its time for the hotels to open they will be bankrupt and there will be no money left for redundancy.
On 'Hang in there', union chief tells furloughed employees
Posted 20 October 2020, 12:41 p.m. Suggest removal
observer2 says...
We borrow in the present and reform in the future.
Whatever happened to the Economic Committee recommendations. I guess that hope is being replaced with new finance reform laws sometimes in November when Covid 19 will be even stronger and the lock down tighter and the economy even weaker.
Is there any end to this hot air, any end to the debt or any end to the lack of reforms?
On Reforms 'attack debt excesses'
Posted 19 October 2020, 4:09 p.m. Suggest removal
observer2 says...
Bahamas and Shell (probably the worlds worst multinational) invests hundreds of millions into last centuries global warming high carbon foot print fossil fuel and zero in solar or renewable energy.
This agreement with Shell runs completely contrary to the global "Paris Agreement [whose] central aim is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius." United Nations Climate Change.
C19 is child's play compared to the hurricanes and rising sea levels facing the Bahamas.
"Where there is no vision, the people [continue] to perish". Proverbs 29:18
On New power plant deal 'weeks out'
Posted 19 October 2020, 9:50 a.m. Suggest removal