Funny that the parent companies of the Canadian banks are providing their Canadian clients in Canada with the deferment of interest until the maturity of the loan which holds harmless their clients for the act of god.
Where as in the Bahamas the interest continues to accrue increasing the current liability and future liability of Bahamians to their Canadian masters.
proudloudandfnm. everyone supports the curfew and there is still freedom of speech in the Country so long as we provide accurate information.
What Mudda and DDK are saying is that our citizens have been overburdened with taxes, a lack of economic diversification to the point where we don't even produce any eggs or chickens or anything except a tourism product and no vision for the future.
Bahamian's are unified to conquer CoVID 19 but we need more. We need a vision for the development of our Country other than distroying the seabed for oil or Disney placing a global warming tourist park on the most beautiful beach in the world on Eletheria.
We can do better than just reacting to natural disasters like Dorian. What will we do when Dorian II strikes in September of this year?
DWW, don't forget hurricane season starts in June.
What if Nassau takes a direct hurricane hit which takes out all the BEC electrical poles like in Abaco?
I don't normally agree with much Smithee says but I agree with him 100% that "The Bahamas had always known about its vulnerability to a total travel and tourism shutdown but had never wanted to confront this reality".
I hear zero conversation on how we will reduce our dependency on tourism, fossil fuels, decentralize to family islands, promote small foot print tourist projects, open up markets to foreign competition (like the food stores), reduce the size of government, real privatization etc etc.
May be the centralized powers can now diversify the economy away from big box tourism, oil exploration, oil storage and big diesel fossil fuel energy as the country will be fully indebted to the IMF.
Can we try solar energy, agriculture, poultry, light manufacturing, family island development, micro guest cottages for tourism?
So when Dorian II comes along at least we are a little more self sufficient?
Very thoughtful and considered Newcitizen. I never thought I would come out and agree with anything the government has to say but with zero tourist arrivals the strain on reserves will decline dramatically.
Secondly in the “balance of payments” reserve reconciliation there is in major developing countries an entry called “errors and omissions” which in our case would be residence importing goods and paying for it in hard currency they have outside of the Bahamas which doesn’t put a strain on reserves.
However we are overlooking hurricane seasons which starts in less than 3 months.
Our government is reactive. They are not proactive or visionary. This crisis I suspect will force a change in our economic models and possibly a disruptive and painful change in our political structure as unemployment escalates to 30% in Nassau within a month.
I can now use the money I saved from not paying for light and water and use it in the web shop, after that I go to the liquor store to get tune up, then church on Sunday and I hear dey legalizing marry Jane.
Wit all dis free stuff who needs to work?
All I know how to do is my safe government job. Where I don’t have to do anything anymore because we need to close down.
Clamshell this would be useful to know if she worked in a public place (hotel, restaurat or bar). Immediately with this information her colleagues could self quarantine. But with zero information the risk of spread continues unabated.
observer2 says...
Funny that the parent companies of the Canadian banks are providing their Canadian clients in Canada with the deferment of interest until the maturity of the loan which holds harmless their clients for the act of god.
Where as in the Bahamas the interest continues to accrue increasing the current liability and future liability of Bahamians to their Canadian masters.
But no one cares or understands the difference
On Central Bank: 'Tolerant treatment' for bad loans
Posted 25 March 2020, 5:05 p.m. Suggest removal
observer2 says...
proudloudandfnm. everyone supports the curfew and there is still freedom of speech in the Country so long as we provide accurate information.
What Mudda and DDK are saying is that our citizens have been overburdened with taxes, a lack of economic diversification to the point where we don't even produce any eggs or chickens or anything except a tourism product and no vision for the future.
Bahamian's are unified to conquer CoVID 19 but we need more. We need a vision for the development of our Country other than distroying the seabed for oil or Disney placing a global warming tourist park on the most beautiful beach in the world on Eletheria.
We can do better than just reacting to natural disasters like Dorian. What will we do when Dorian II strikes in September of this year?
On 30 more days? Bethel suggests extension to lockdown likely
Posted 25 March 2020, 2:11 p.m. Suggest removal
observer2 says...
DWW, don't forget hurricane season starts in June.
What if Nassau takes a direct hurricane hit which takes out all the BEC electrical poles like in Abaco?
I don't normally agree with much Smithee says but I agree with him 100% that "The Bahamas had always known about its vulnerability to a total travel and tourism shutdown but had never wanted to confront this reality".
I hear zero conversation on how we will reduce our dependency on tourism, fossil fuels, decentralize to family islands, promote small foot print tourist projects, open up markets to foreign competition (like the food stores), reduce the size of government, real privatization etc etc.
On Turnquest: Recovery to be slow and anaemic
Posted 23 March 2020, 10:55 a.m. Suggest removal
observer2 says...
May be the centralized powers can now diversify the economy away from big box tourism, oil exploration, oil storage and big diesel fossil fuel energy as the country will be fully indebted to the IMF.
Can we try solar energy, agriculture, poultry, light manufacturing, family island development, micro guest cottages for tourism?
So when Dorian II comes along at least we are a little more self sufficient?
On Baha Mar to close on March 25 until further notice – temporary layoffs for nonessential staff
Posted 21 March 2020, 8:55 p.m. Suggest removal
observer2 says...
Very thoughtful and considered Newcitizen. I never thought I would come out and agree with anything the government has to say but with zero tourist arrivals the strain on reserves will decline dramatically.
Secondly in the “balance of payments” reserve reconciliation there is in major developing countries an entry called “errors and omissions” which in our case would be residence importing goods and paying for it in hard currency they have outside of the Bahamas which doesn’t put a strain on reserves.
However we are overlooking hurricane seasons which starts in less than 3 months.
Our government is reactive. They are not proactive or visionary. This crisis I suspect will force a change in our economic models and possibly a disruptive and painful change in our political structure as unemployment escalates to 30% in Nassau within a month.
On Governor: $2bn reserves enough to overcome virus
Posted 17 March 2020, 8:53 p.m. Suggest removal
observer2 says...
I can now use the money I saved from not paying for light and water and use it in the web shop, after that I go to the liquor store to get tune up, then church on Sunday and I hear dey legalizing marry Jane.
Wit all dis free stuff who needs to work?
All I know how to do is my safe government job. Where I don’t have to do anything anymore because we need to close down.
On BPL Board to consider disconnection suspend
Posted 17 March 2020, 7:03 p.m. Suggest removal
observer2 says...
What happen wit de $600 million rate reduction bond from Wall Street. Stock market done crash so I guess ain no money comin in.
And Ain no use me payin my bill after 40 years because ain no body else ga pay.
I broke broke.
On BPL Board to consider disconnection suspend
Posted 17 March 2020, 3:34 p.m. Suggest removal
observer2 says...
Clamshell this would be useful to know if she worked in a public place (hotel, restaurat or bar). Immediately with this information her colleagues could self quarantine. But with zero information the risk of spread continues unabated.
On UPDATED: 61-year-old woman is the first confirmed case of COVID-19 in The Bahamas
Posted 15 March 2020, 2:43 p.m. Suggest removal
observer2 says...
As usual the news is incomplete.
Did the lady travel travel in the last 21 days or the last month? Did any member of her family travel? Did any of her working colleagues travel.
She has been in the hospital since Friday, at least we could have gotten more clarity.
The lack of information from the government is causing the panic.
And why is the minister of education giving updates when he is no medical credentials.
On UPDATED: 61-year-old woman is the first confirmed case of COVID-19 in The Bahamas
Posted 15 March 2020, 1:39 p.m. Suggest removal
observer2 says...
Also, Spain just closed it boarders.
Catholic Church in New York cancelled mass tomorrow.
On President Trump says top cruise ship companies stopping trips from the US
Posted 14 March 2020, 4:02 p.m. Suggest removal