Breaking News: Italy declared a six-month state of emergency after two Chinese tourists in the country tested positive for the coronavirus in the first cases detected in the country.
I wish the government and international agencies would stop making Bahamian students the core focus as a possible main cause for the viral introduction and deal with the real elephant in the room.
China is our largest foreign investor replete with thousands of Chinese workers and tourist.
Illegal immigration is a real problem and people want to get out of China.
China is our largest foreign investor including the iconic Baha Mar, replete with thousands of Chinese workers and tourist moving freely between our countries.
That’s about as much as I feel comfortable saying.
A simple lawsuit by one customer asking the court stay the bond repayment port of his bill on the grounds that he did not agree to lend BEC any monies should make the entire house of cards fall apart.
Parliament can commit the Bahamas to repay a debt but parliament can’t force an individual to incur a specific debt that individual didn’t agree to assume.
When customers open a BEC account they only agree to buy electricity, not debt. At the very least BEC should have all customers sign or notified that the terms of their electricity supply contract has changed and they are debtors to these new foreign masters.
First you start with light, then water, the. Post office then national insurance where do we stop when we directly saddle individual Bahamians with specifics debts.
There is zero precedent globally for such a bond.
Normally Bahamian sovereign debt is 2 to 3 times over subscribed, because they only have indications for 90% means that foreigner a lil afraid a BEC dem. Where are the up to date audited accounts? Where is the prospectus? Where is the road show for Bahamian investors? Where is the moody rating? Where are the exact projects for the funds raised? Where is the BEC tract record of collections ... lol, if Dey can’t turn off da lights of ppl on the protection list how can you collect bond interest from dem.
I ain know who Dey tryin to fool wit dis set a nonsense.
I assume opposition lawyers are just waiting for BEC to put the line item in a bill before bringing the litigation on behalf of one customer.
Dis one joke, Wall Street should be ashamed of themselves disguising a sovereign debt as a corporate quasi government agency with massive losses.
There must be something ethically wrong with making ppl pay the debt they did not agree to assume.
The entire structure is flawed. The airport and port authority bonds do not directly charge thier customers/shipppers, it is a debt of the corporation and not its customers or travelers.
Dey mussy ain put enough grease and shingles in dey contract (I mean consultancy fees). I know dey ain “lotion” when playing wit day big boys (imf, un, vat, Bay St Boys, LC, Shell, Fortune 500 ...). Dey get .... over.
Dis ain you daddy’s PLP or FNM. Da big boys gone global. No longer 10% cash in. Bag. We talkin constancy fees paid to non transparent offshore companies that even anti corruption agencies of G8 countries can’t unravel.
Can anyone tell me why we even dealin with Shell with its documented history of corrupting third world countries and it’s terrible carbon footprint? The bananas will be underwater by the end of the century due to Shell selling nasty fossil fuels.
Every middle class Bahamian tryin to get dey kids and cash out. Any foo could see dis story ain ga end well for Bahamians. Excellent for rich foreigners with 90 day permanent residency tax certificates avoiding crushing 50% capital gains taxes in their home countries. But dis will crumble because the global standard is 183 days. We always takin short cuts.
Agreed. Like Dorian II hitting Nassau should do it for RBC.
Also, they always say they are committed to the Bahamas when suddenly and without warning they will announce the sale to a no name banking brand like you know who did.
observer2 says...
I doubt it for planes coming from Cuba.
Government statements targeted to smooth and white wash the real issues.
On PLAYING SAFE: Entry controls on anyone who visited China in last 20 days, Two local residents already in quarantine at undisclosed location
Posted 31 January 2020, 3:22 p.m. Suggest removal
observer2 says...
Breaking News: Italy declared a six-month state of emergency after two Chinese tourists in the country tested positive for the coronavirus in the first cases detected in the country.
https://www.cnbc.com/2020/01/31/coronav…
On PLAYING SAFE: Entry controls on anyone who visited China in last 20 days, Two local residents already in quarantine at undisclosed location
Posted 31 January 2020, 10:21 a.m. Suggest removal
observer2 says...
I wish the government and international agencies would stop making Bahamian students the core focus as a possible main cause for the viral introduction and deal with the real elephant in the room.
China is our largest foreign investor replete with thousands of Chinese workers and tourist.
Illegal immigration is a real problem and people want to get out of China.
On PLAYING SAFE: Entry controls on anyone who visited China in last 20 days, Two local residents already in quarantine at undisclosed location
Posted 31 January 2020, 9:54 a.m. Suggest removal
observer2 says...
China is our largest foreign investor including the iconic Baha Mar, replete with thousands of Chinese workers and tourist moving freely between our countries.
That’s about as much as I feel comfortable saying.
On Coronavirus: Anyone who travelled to China in past 20 days will be quarantined
Posted 31 January 2020, 12:46 a.m. Suggest removal
observer2 says...
A simple lawsuit by one customer asking the court stay the bond repayment port of his bill on the grounds that he did not agree to lend BEC any monies should make the entire house of cards fall apart.
Parliament can commit the Bahamas to repay a debt but parliament can’t force an individual to incur a specific debt that individual didn’t agree to assume.
When customers open a BEC account they only agree to buy electricity, not debt. At the very least BEC should have all customers sign or notified that the terms of their electricity supply contract has changed and they are debtors to these new foreign masters.
First you start with light, then water, the. Post office then national insurance where do we stop when we directly saddle individual Bahamians with specifics debts.
There is zero precedent globally for such a bond.
Normally Bahamian sovereign debt is 2 to 3 times over subscribed, because they only have indications for 90% means that foreigner a lil afraid a BEC dem. Where are the up to date audited accounts? Where is the prospectus? Where is the road show for Bahamian investors? Where is the moody rating? Where are the exact projects for the funds raised? Where is the BEC tract record of collections ... lol, if Dey can’t turn off da lights of ppl on the protection list how can you collect bond interest from dem.
I ain know who Dey tryin to fool wit dis set a nonsense.
I assume opposition lawyers are just waiting for BEC to put the line item in a bill before bringing the litigation on behalf of one customer.
If one get set aside den ain nobody ga pay.
FNM need to stop harassing da people’s dem.
On BPL cuts bond to $580m raise
Posted 20 January 2020, 10:36 p.m. Suggest removal
observer2 says...
Dis one joke, Wall Street should be ashamed of themselves disguising a sovereign debt as a corporate quasi government agency with massive losses.
There must be something ethically wrong with making ppl pay the debt they did not agree to assume.
The entire structure is flawed. The airport and port authority bonds do not directly charge thier customers/shipppers, it is a debt of the corporation and not its customers or travelers.
Dis a fall apart soonest.
On BPL cuts bond to $580m raise
Posted 20 January 2020, 10:13 p.m. Suggest removal
observer2 says...
Dey mussy ain put enough grease and shingles in dey contract (I mean consultancy fees). I know dey ain “lotion” when playing wit day big boys (imf, un, vat, Bay St Boys, LC, Shell, Fortune 500 ...). Dey get .... over.
Dis ain you daddy’s PLP or FNM. Da big boys gone global. No longer 10% cash in. Bag. We talkin constancy fees paid to non transparent offshore companies that even anti corruption agencies of G8 countries can’t unravel.
Can anyone tell me why we even dealin with Shell with its documented history of corrupting third world countries and it’s terrible carbon footprint? The bananas will be underwater by the end of the century due to Shell selling nasty fossil fuels.
Every middle class Bahamian tryin to get dey kids and cash out. Any foo could see dis story ain ga end well for Bahamians. Excellent for rich foreigners with 90 day permanent residency tax certificates avoiding crushing 50% capital gains taxes in their home countries. But dis will crumble because the global standard is 183 days. We always takin short cuts.
On Closure fear at Cavalier job cuts
Posted 20 January 2020, 4:09 p.m. Suggest removal
observer2 says...
I think you know who out west who mix up wit all da chinese, governments dem and errie foreigner take all dey business.
High end large real estate projects booming in de bananas. So many rich foreigners and Haitians on every single job.
Cavalier just did not evolve with the new corrupt environment. So dey gone like da dinosaur.
....but we learn nuttin.
On Closure fear at Cavalier job cuts
Posted 20 January 2020, 10:21 a.m. Suggest removal
observer2 says...
20 years from now these no name brands will experience financial trouble like Gulf Union and Clico.
By that time Smithy will be long retired.
On Bahamas ‘too profitable’ for an RBC exit
Posted 14 December 2019, 8:43 a.m. Suggest removal
observer2 says...
Agreed. Like Dorian II hitting Nassau should do it for RBC.
Also, they always say they are committed to the Bahamas when suddenly and without warning they will announce the sale to a no name banking brand like you know who did.
On Bahamas ‘too profitable’ for an RBC exit
Posted 14 December 2019, 8:41 a.m. Suggest removal