Comment history

observer2 says...

Yes but the Abaco port is better run under the FNM than the PLP.

Better give Hotmix the $40 million contract to fix.

On Marsh Harbour ‘closure’ crisis

Posted 16 July 2019, 10:50 a.m. Suggest removal

observer2 says...

Well muddy, you are spot on.

BEC $550 million US$ bond issuance to fund $200 million in BEC pensions is the test and template to transfer the government bank debt to foreign and bond holders or the general public.

The banks that now hold the government debt/pension payments now want it off their balance sheets not that the ppl are being taxed into oblivion and the national debt dropped by $30 million (a flash in the pan on the $12 billion in debt on an accrual basis including the current value of future pension payments).

Let’s face facts and stop the smoke and mirrors...the Bahamas is essentially broke and all this borrowing will finish us off ($750 million to Hot Mix to repair all the broken down runways in the Bahamas, $550 for BEC to pay off old debts, and $3 billion for the unfunded general government pension fund).

Ohh, don’t forget, it’s hurricane season which usually costs $100 if we are hit.

On DPM: Something must be done over pensions

Posted 13 July 2019, 12:10 p.m. Suggest removal

observer2 says...

While old ppl suffer greatly the high and mighty and wealthy BEC directors are getting ready to focus thier energies suing the press.

observer2 says...

Ok, but is PMH being operated better under the FNM than the plp?

hvac is the air conditioning system. It probably broke down for lack of maintenece and BEC’s constant power cuts and surges.

Nevertheless BEC is borrowing another $550 million to cover past incompetent management. Zero towards renewables, solar, smart grid, privatization or anything else that may help to reduce monthly bills as large as mortgages.

All told BEC is costing the country well over $1 billion a year in waste, taxes and monopolistic charges .

observer2 says...

“Thou doth protest to much” William Shakespeare, Hamlet.

The quote is a line spoken by Queen Gertrude in a play within a Shakesprean play as a character proclaims thier innonces too forcefully.

Truly a sad day for our country when a predatory utility company in conjunction with its high mighty and wealthy directors seek to crush the free press. Perhaps going back to the days when ZNS had no competition and corporations voted maybe more appropriate for the current administration.

It’s as if the people of the Bahamas have not suffered enough at the hands of this monopolistic entity.

Please please have some empathy. All we mere mortals have left is conspiracy theories to entertain us in the unrelenting heat, no electricity and electric bills as big as a mortgage.

On BPL deputy chairman to sue Eyewitness News

Posted 11 July 2019, 11:01 a.m. Suggest removal

observer2 says...

Couple all this corporate greed with one family benefiting with a strangle hold on the importantation of fuel for bec and all of use, massive VAT and duties on fuel and very soon electric bills, which have doubled in the last year will move to unsustainable levels.

Either we as Bahamians do something or it soon even the rich will not be able to afford electricity.

observer2 says...

It’s not just about the rich. It’s about the exploitation of the poor and gross conflicts of interest of the privileged leading to systemic corporate dis functionality at BEC.

Why is thier silence in the major newspapers on the $100 financing of the new generators, board appointments, Lyford Cay and legal representation of the vendors,

Couple this with putting BEC in charge of the implementation of renewable energy and utility bills as large as a mortgage and we have a truly nightmarish scenario for all Bahamians, don’t loose sight of the $650 million Wall Street financing of BEC’s past incompetence which will push our national debt above $10 billion to unsustainable level.

Also don’t forget the badly designed on constructed electrical grid which goes down for the country due to “illegal dumping ??? What’s up with that stupid explanation.

Then the minister said electricity is better under the FNM than under the PLP. I never thought electricity was political.

observer2 says...

These deals are only available to the select few like “you know who” and the Government. Small black Bahamian businesses need not apply.

BEC/Government is getting $650 million from Wall Street to pay off thier old debts, and buy new Bunker C Diesel engines which is horrible for the environment with generators that always break down to buy the diesel from “you know who”.

Then they put BEC/Shell in charge of solar energy for the Bahamas. This will ensure the our push to renewables will get mess right up and we will have to continue to use Agrekko crappy generators for generations to come. bEc bills are now as big as a house mortgage payment.

Change will only come when the general public stops listening to the PLP and FNM and fighting each other and work as a team to stop the exploitation.

Maybe we as a general public can practice “peaceful resistance” by having a “lights out day” where we turn off the lights In our homes for one day to save. And then we move on from their increasing the pressure on bec until they are forced to stop these generator purchases, sweatheat gas purchases and the sabotage of our push to renewables. Forget the PLP and FNM and the new talking heads at bec.

observer2 says...

I think they should use Aggrekko and Shell and Focol and BEC monopolies

Then we can overcharge and under deliver for the Bahamian ppl again.

Keep BEC away from solar!

observer2 says...

“(IDB) financing to begin required improvements to Exuma's airport that could run into the $40-$45m "ball park".

“It’s the people’s time”. What a cruel joke the FNM is playing.

At $50 million per family airport upgrade Hot Mix quickly gets to the $750 million in contracts. No wonder he resign.

Add to this $650 million in loans for the incompetent BPL without a single management change, renewables or transparency out national debt will be well over $10 billion.

A couple ppl getting richer while we suffer.

On Hot Mix offered to raise $750m loan

Posted 9 July 2019, 10:54 a.m. Suggest removal