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.
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.
“(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.
There is zero incentive for the Commercial banking consortium or the Government to reduce debit card fees from 3% of every transact to 5 cents which is the cost in the US.
On a $100 transaction the bank takes $3 and the government takes 36 cents. Why would they cut such a massive profit which they divided to Canada and the government take in VAT to support their bloated payroll?
The cost are hidden from general public because it is taken from the merchants.
The country suffers as merchants prefer cash which increases robberies. But we have become numb to crime as we have the highest crime rate in the Western Hemisphere.
Besides the bankers live out west protected in thier gated communities talking nonsense as to why we as a Nation are so backwards in finance.
Decades after commercial banks have been fleecing the Bahamian public with a 3% fee on every debit account transaction where they simply withdraw the funds from a good balance the IMF now tells us?
Where is the central bank in protecting merchants? where is the government protecting merchants? where is the chamber of commerce protecting their members?
I guess in another decade the IMF will tell us that exchange controls also suppress economic growth and the unconscionable cost of electricity is a major drag on commerce.
Also throughout the Bahamian archipelago there are about 12 runways that need repaving at a cost of $3 to $5 million each. Hot Mix is well positioned through their political connections and predictory price to get all da contracts.
Brent must resigns so Minnis can payback the FNM/UBP and PLP shareholders. “It’s da 12 wealthy families time again”. Yinna black ppl wa travel? Den hush ya mout because we mout shut tight on why he resign. No needs to account for nuttin.
While the PLP/FNM are going about getting rid of the monopoly that HotMix has on asphalt here are some more monopolies to get rid of:
1. Arawak Port - 20 year monopoly on all shipments coming to Nassau.
2. BEC monopoly on the distribution of electricity by owning the electrical grid.
3. BEC on power generation
4. Focol on the importation of all gas, diesel and jet fuel into the Bahamas
5. Post office on the delivery of mail
6. Central Bank and the Bahamian dollar via exchange controls which don't allow Bahamian to invest abroad easily to get better pension returns and then forcing them to invest in the loosy cash strapped Cable/Alive bonds
7. Ministry of Education hold on all the schools. Pushing out a D average for all kids. Employers are complaining that the workers can't read and write and thats why there are 16,000 work permits in the country.
8. Water and Sewerage owning all the water generation and distribution in the Bahamas. Looosing money every year.
9. Bahamasair putting privately owned Bahamian transportation companies out of business.
I could go on and on. But what does it matter no one with any power is listening. They know exactly what needs to be done but they are scared to do it because they will be fired.
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.
On EDITORIAL: What opportunities are we missing out on?
Posted 10 July 2019, 3:55 p.m. Suggest removal
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.
On EDITORIAL: What opportunities are we missing out on?
Posted 9 July 2019, 9:09 p.m. Suggest removal
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!
On Generation need drives BPL’s first four solar choices
Posted 9 July 2019, 3:46 p.m. Suggest removal
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
observer2 says...
There is zero incentive for the Commercial banking consortium or the Government to reduce debit card fees from 3% of every transact to 5 cents which is the cost in the US.
On a $100 transaction the bank takes $3 and the government takes 36 cents. Why would they cut such a massive profit which they divided to Canada and the government take in VAT to support their bloated payroll?
The cost are hidden from general public because it is taken from the merchants.
The country suffers as merchants prefer cash which increases robberies. But we have become numb to crime as we have the highest crime rate in the Western Hemisphere.
Besides the bankers live out west protected in thier gated communities talking nonsense as to why we as a Nation are so backwards in finance.
On Bank chief: 'We can do better' over card fees
Posted 8 July 2019, 3:46 p.m. Suggest removal
observer2 says...
Decades after commercial banks have been fleecing the Bahamian public with a 3% fee on every debit account transaction where they simply withdraw the funds from a good balance the IMF now tells us?
Where is the central bank in protecting merchants? where is the government protecting merchants? where is the chamber of commerce protecting their members?
I guess in another decade the IMF will tell us that exchange controls also suppress economic growth and the unconscionable cost of electricity is a major drag on commerce.
Well said but nothing will change.
On IMF tells banks: Don't 'penalise' merchants on debit card use
Posted 3 July 2019, 3:29 p.m. Suggest removal
observer2 says...
Consolidated Water produces water for WSC 😂
On UPDATED: Symonette resigns from Cabinet
Posted 2 July 2019, 6:33 a.m. Suggest removal
observer2 says...
Also throughout the Bahamian archipelago there are about 12 runways that need repaving at a cost of $3 to $5 million each. Hot Mix is well positioned through their political connections and predictory price to get all da contracts.
Brent must resigns so Minnis can payback the FNM/UBP and PLP shareholders. “It’s da 12 wealthy families time again”. Yinna black ppl wa travel? Den hush ya mout because we mout shut tight on why he resign. No needs to account for nuttin.
On UPDATED: Symonette resigns from Cabinet
Posted 1 July 2019, 3:01 p.m. Suggest removal
observer2 says...
Well said Well_mudda_take_sic.
While the PLP/FNM are going about getting rid of the monopoly that HotMix has on asphalt here are some more monopolies to get rid of:
1. Arawak Port - 20 year monopoly on all shipments coming to Nassau.
2. BEC monopoly on the distribution of electricity by owning the electrical grid.
3. BEC on power generation
4. Focol on the importation of all gas, diesel and jet fuel into the Bahamas
5. Post office on the delivery of mail
6. Central Bank and the Bahamian dollar via exchange controls which don't allow Bahamian to invest abroad easily to get better pension returns and then forcing them to invest in the loosy cash strapped Cable/Alive bonds
7. Ministry of Education hold on all the schools. Pushing out a D average for all kids. Employers are complaining that the workers can't read and write and thats why there are 16,000 work permits in the country.
8. Water and Sewerage owning all the water generation and distribution in the Bahamas. Looosing money every year.
9. Bahamasair putting privately owned Bahamian transportation companies out of business.
I could go on and on. But what does it matter no one with any power is listening. They know exactly what needs to be done but they are scared to do it because they will be fired.
The issue with Brent is just a side show.
On UPDATED: Symonette resigns from Cabinet
Posted 1 July 2019, 12:50 p.m. Suggest removal
observer2 says...
Actually the tests were doing themselves.
No one was there.
When they came there at 6.30am they found out that the test malfunctioned.
No one to blame.
Similar to the BEC powercuts. No one was incompetent, no one will be fired.
Now shut up and mind your own business. Western Air mussy ain need dat plane.
Ain’t we running da country wit one runway? Western could run wit one plane and BEC running wit one broke a*s generator.
On Decommissioned Western Air plane collides with overhang
Posted 29 June 2019, 8:21 p.m. Suggest removal