The public will continue to suffer for generations to come as it has with generations past from the mismanagement of our energy resources. Our energy costs is 20 times the cost of production in Florida (inclusive of back up generators and lost productivity).
Incalculable financial harm is being done to the general public.
You see the entire energy infrastructure complex (both vertically [importation, taxation, shipment, electrical generation] and horizontally [gas stations, electrical grid, all power generators]) is concentrated and tightly controlled by the Government, a select few business interests and Shell (a multi national energy conglomerate). Who are profiting immensely from the status quo for generations. No one can touch the system.
These interest have suppressed the introduction of renewables, smart grids and an energy policy that makes sense. Instead of carbon based fuels declining, our consumption is increasing with the "new" generators using "last centuries" technology.
ConchFretta, maybe it’s because government is treating National Insurance as a business and not a social program. Notice they call Contributions, Revenue and Benefits are called Expenditures, and there is Profit, not a surplus.
True financial illiteracy.
There is no breakout of administrative expenses which are a whopping 20% of each Revenue...opps, I mean Contribution.
Yes, just google "exuma boat" and hundreds of hits.
Government too busy increasing VAT over the weekend and taxing the poor and collecting business license fees from boat operators...don't seem like they have anytime left to actually regulate anyone ... how often do developed countries have to complain about the jet skis? until they just stop flights to Nassau? If ya do learn you ga soon feel.
Yeah, dey busy busy collecting over $2.5 billion in taxes off a population of 350,000 ( or $70,000 per person) ... dat alone is hard work. Its even harder to spend all of this money and go into massive deficits of $8.5 billion and talking nonsense everyday about Crytop currencies in Grand Bahama.
They ga need crypto currencies and block chain to waste all this money when Bahamians are dragged to the poor house and then blame it on the PLP.
RawBahamian. I know you are being cynical but you have a point. Successive Prime Ministers are to blame since Pindling's time in the creation of a culture of slackness and the lack of emergency policies and procedures. It looks like share chaos with the patrons giving the best advice which is obviously not headed by the workers. The video speaks volumes.
Like every other tragic accident, corruption or criminal activity the government will say they will investigate and when the investigation is completed they will report back to the Bahamian people.
The problem here is that they never complete most investigation and in most cases they never report back to the Bahamian people. Why? Under staffed? Lack of work ethic? Long lunch hours? Too many investigations? Lack of qualified staff? Culture of jobs for life and annual raises regardless of performance? Or all of the above.
The government will never tell you the real reason why a full report will probably never be issues. This tragic accident will be overtaken by some other absolutely incredible story in tomorrows Tribune.
What will the newspapers print tomorrow so we as the general public never get an official response and forget about the accident?
Let me guess:
1. Merchants prices go up 50% due to 12% VAT increase.
2. Webshops to stop paying taxes
3. A bunch of crime over the weekend
4. Shanty town tractor mows down houses and Fred Smith sues
5. 500 migrants escape as the boat sales slowly up the Bahama chain and lands quietly at the south western end of the island. No one saw anything for days as the large sale boat sailed through the Bahama islands.
6. More promises of crypto currencies for Grand Bahama.
Yes. Lets see what incredible stories arrive tomorrow.
Can’t seem to find any background info on this company, it’s directors or officers.
It’s as if they appeared out of the blue with no past.
They have wiped and scrubbed their internet presence clean. Obviously learning from the tragic Oban fiasco.
It is beyond belief that these guys have been awarded contracts for a digital ID for all Bahamians, a Cryptocurrency for Bahamians, blockchain for all government transactions...at best its pie in the sky BS and worst the naive minis admin is being conned.
Major conflict of interest to have a husband and wife team responsible for 2 of the 3 critical parts of the Bahamian financial system. It gets worse when you look at their lack of success in their track records.
Why can't some of these positions be advertised?
Why can't we get qualified people from the private sector?
Why do they just play musical chairs and all the gravy go to the select few?
1. Rolle implimented VAT and promised to reduce the national debt. It has skyrocketed. Now VAT is up 60% and everyone in complaining.
2. Under Rolle the commercial banking system is essentially dysfunctional for most Bahamians. E.g. incredible long lines in banks, inability to transfer funds between banks electronically, inability to have messengers deposit checks at bank - only the person who owns the account can deposit checks, limits on levels of electronic deposits, 4 days to clear a checks, extreamly high banking fees, bad service, lip service liberalization of exchange controls and ineffective capital markets so businesses can't raise working capital.
3. While national insurance now has a failed computer systems. National insurance investments have very poor performance. Ratio of administration to contributions way to high.
4. National insurance to run out of money in 2030 after this couple retires on full pension.
5. Push for Digial ID which no developed country will implement due to privacy issues. Orwealean ("1984") in character.
6. Implimentation of crypto Bahamian currency. An unproven technology subject to hacking.
OldFort2012. Please don't obfuscate an Electronic ID with a passport #, national insurance # or social security security #.
The Eletronic ID, coupled with block chain and an electronic currency is virtually Orwellian ("1984") in its concept. Under these technologies a centralized government database will have every piece of data on every Bahamian linking every asset, every certificate, every license, every transaction into one database. GIBC Digital will create the database so I believe it is naive to think they will not have access to the information.
No government on earth puts all the pieces of an individuals identity into one place...it will be difficult for it not to lead to abuse. Especially to persons who may think differently from the status quo.
Just look what happened to Travis. He was not consulted when they put the budget together, he was not consulted to comment on the completed budget. He had one alternative. Vote yes to a budget he had no input into or be fired. Travis represents the next generation of Bahamian and look how badly he has been treated. GIBC Digital represents the next generation of government technology. Dare not critize whomever has all of your data... or do so at your own peril. Remember with Block chain everything you have and have transacted will be centralized.
Bahamians need to stop aiding and abetting foreigners from potentially avoiding income tax in the Country of thier citizenship while falsely claiming phoney residency in the Bahamas just because you own a house.
As with most developed world countries Permanent Residency is subject to annual renewal based on a review to ensure the person is actually living in the Bahamas.
Example. A Canadian who is taxed by Canada on his residency and not citizenship buys a condo out west, does not live in it except for a couple of weeks in the winter (maybe) and then uses his Bahamian residency certificate to prove his tax domicile is the Bahamas and and thus avoids Canadian income tax which is based on residency and not citizenship. It makes the Bahamian Government possibly supportive of unfair tax competition. No wonder we are always getting black listed.
The increases in the RPT rates and owner occupied definitions closes this gap. The OECD will congratulate us!
To add insult to injury this same Canadian Bahamian resident then puts that condo out west on Air B&B and rents it out at $5,000 to $10,000 a month with no hotel licenses, no VAT, no national insurance, no business licenses in competition to small Bahamian hotel owners and local landlords who are catching hell with higher VAT.
The rent is normally paid in foreign currency outside the Bahamas so it does not even help the Bahamian economy.
Wealthy Bahamian professionals need to stop giving our country away. No wonder no matter how much the government increase VAT it will never be enough because so few rich people actually pay VAT on capital transactions.
Hey, des foreign carpet baggars almost as slick as Oban's dem. Check out dey website. Dey come from no where and land big big contract wit gullible Minnis & Co.
Come on bloggers lets do our due diligence and find out actually what Greg has actually accomplished in his life. I don't see one single proven project to his name. Yet he will now gather all the private information of every last Bahamian.
Fred Smith need to stop him collectin we data. I ain know what he ga do wit dat. He ain even got no address on his website or phone number. At least Oban's dem had shared office space somewhere.
observer2 says...
The public will continue to suffer for generations to come as it has with generations past from the mismanagement of our energy resources. Our energy costs is 20 times the cost of production in Florida (inclusive of back up generators and lost productivity).
Incalculable financial harm is being done to the general public.
You see the entire energy infrastructure complex (both vertically [importation, taxation, shipment, electrical generation] and horizontally [gas stations, electrical grid, all power generators]) is concentrated and tightly controlled by the Government, a select few business interests and Shell (a multi national energy conglomerate). Who are profiting immensely from the status quo for generations. No one can touch the system.
These interest have suppressed the introduction of renewables, smart grids and an energy policy that makes sense. Instead of carbon based fuels declining, our consumption is increasing with the "new" generators using "last centuries" technology.
There is no hope.
On Thousands enraged as load shedding continues
Posted 24 June 2019, 10:53 a.m. Suggest removal
observer2 says...
ConchFretta, maybe it’s because government is treating National Insurance as a business and not a social program. Notice they call Contributions, Revenue and Benefits are called Expenditures, and there is Profit, not a surplus.
True financial illiteracy.
There is no breakout of administrative expenses which are a whopping 20% of each Revenue...opps, I mean Contribution.
No wonder the program is broke.
On Employers warned over $17m NIB debt
Posted 18 June 2019, 12:47 p.m. Suggest removal
observer2 says...
We must remain fully focused on collecting VAT.
Anything that may provide some joy to the people or provide healthy activities for our youth must be canceled.
Besides you can go to the web shops for entertainment.
On Dropped – no cash for World Relays
Posted 6 July 2018, 9:55 a.m. Suggest removal
observer2 says...
Yes, just google "exuma boat" and hundreds of hits.
Government too busy increasing VAT over the weekend and taxing the poor and collecting business license fees from boat operators...don't seem like they have anytime left to actually regulate anyone ... how often do developed countries have to complain about the jet skis? until they just stop flights to Nassau? If ya do learn you ga soon feel.
Yeah, dey busy busy collecting over $2.5 billion in taxes off a population of 350,000 ( or $70,000 per person) ... dat alone is hard work. Its even harder to spend all of this money and go into massive deficits of $8.5 billion and talking nonsense everyday about Crytop currencies in Grand Bahama.
They ga need crypto currencies and block chain to waste all this money when Bahamians are dragged to the poor house and then blame it on the PLP.
We get swing bad bad by this set.
On Boat fire: Six injured at PMH, four transported to Florida
Posted 1 July 2018, 3:32 p.m. Suggest removal
observer2 says...
RawBahamian. I know you are being cynical but you have a point. Successive Prime Ministers are to blame since Pindling's time in the creation of a culture of slackness and the lack of emergency policies and procedures. It looks like share chaos with the patrons giving the best advice which is obviously not headed by the workers. The video speaks volumes.
Like every other tragic accident, corruption or criminal activity the government will say they will investigate and when the investigation is completed they will report back to the Bahamian people.
The problem here is that they never complete most investigation and in most cases they never report back to the Bahamian people. Why? Under staffed? Lack of work ethic? Long lunch hours? Too many investigations? Lack of qualified staff? Culture of jobs for life and annual raises regardless of performance? Or all of the above.
The government will never tell you the real reason why a full report will probably never be issues. This tragic accident will be overtaken by some other absolutely incredible story in tomorrows Tribune.
What will the newspapers print tomorrow so we as the general public never get an official response and forget about the accident?
Let me guess:
1. Merchants prices go up 50% due to 12% VAT increase.
2. Webshops to stop paying taxes
3. A bunch of crime over the weekend
4. Shanty town tractor mows down houses and Fred Smith sues
5. 500 migrants escape as the boat sales slowly up the Bahama chain and lands quietly at the south western end of the island. No one saw anything for days as the large sale boat sailed through the Bahama islands.
6. More promises of crypto currencies for Grand Bahama.
Yes. Lets see what incredible stories arrive tomorrow.
On Boat fire: Six injured at PMH, four transported to Florida
Posted 1 July 2018, 2:35 p.m. Suggest removal
observer2 says...
Can’t seem to find any background info on this company, it’s directors or officers.
It’s as if they appeared out of the blue with no past.
They have wiped and scrubbed their internet presence clean. Obviously learning from the tragic Oban fiasco.
It is beyond belief that these guys have been awarded contracts for a digital ID for all Bahamians, a Cryptocurrency for Bahamians, blockchain for all government transactions...at best its pie in the sky BS and worst the naive minis admin is being conned.
On 'This is the start of Silicon Island'
Posted 1 July 2018, 7:13 a.m. Suggest removal
observer2 says...
Major conflict of interest to have a husband and wife team responsible for 2 of the 3 critical parts of the Bahamian financial system. It gets worse when you look at their lack of success in their track records.
Why can't some of these positions be advertised?
Why can't we get qualified people from the private sector?
Why do they just play musical chairs and all the gravy go to the select few?
1. Rolle implimented VAT and promised to reduce the national debt. It has skyrocketed. Now VAT is up 60% and everyone in complaining.
2. Under Rolle the commercial banking system is essentially dysfunctional for most Bahamians. E.g. incredible long lines in banks, inability to transfer funds between banks electronically, inability to have messengers deposit checks at bank - only the person who owns the account can deposit checks, limits on levels of electronic deposits, 4 days to clear a checks, extreamly high banking fees, bad service, lip service liberalization of exchange controls and ineffective capital markets so businesses can't raise working capital.
3. While national insurance now has a failed computer systems. National insurance investments have very poor performance. Ratio of administration to contributions way to high.
4. National insurance to run out of money in 2030 after this couple retires on full pension.
5. Push for Digial ID which no developed country will implement due to privacy issues. Orwealean ("1984") in character.
6. Implimentation of crypto Bahamian currency. An unproven technology subject to hacking.
I think I will stop there.
On New director for National Insurance Board
Posted 30 June 2018, 12:39 p.m. Suggest removal
observer2 says...
OldFort2012. Please don't obfuscate an Electronic ID with a passport #, national insurance # or social security security #.
The Eletronic ID, coupled with block chain and an electronic currency is virtually Orwellian ("1984") in its concept. Under these technologies a centralized government database will have every piece of data on every Bahamian linking every asset, every certificate, every license, every transaction into one database. GIBC Digital will create the database so I believe it is naive to think they will not have access to the information.
No government on earth puts all the pieces of an individuals identity into one place...it will be difficult for it not to lead to abuse. Especially to persons who may think differently from the status quo.
Just look what happened to Travis. He was not consulted when they put the budget together, he was not consulted to comment on the completed budget. He had one alternative. Vote yes to a budget he had no input into or be fired. Travis represents the next generation of Bahamian and look how badly he has been treated. GIBC Digital represents the next generation of government technology. Dare not critize whomever has all of your data... or do so at your own peril. Remember with Block chain everything you have and have transacted will be centralized.
On Government wants single digital ID for Bahamians
Posted 29 June 2018, 2:20 p.m. Suggest removal
observer2 says...
Bahamians need to stop aiding and abetting foreigners from potentially avoiding income tax in the Country of thier citizenship while falsely claiming phoney residency in the Bahamas just because you own a house.
As with most developed world countries Permanent Residency is subject to annual renewal based on a review to ensure the person is actually living in the Bahamas.
Example. A Canadian who is taxed by Canada on his residency and not citizenship buys a condo out west, does not live in it except for a couple of weeks in the winter (maybe) and then uses his Bahamian residency certificate to prove his tax domicile is the Bahamas and and thus avoids Canadian income tax which is based on residency and not citizenship. It makes the Bahamian Government possibly supportive of unfair tax competition. No wonder we are always getting black listed.
The increases in the RPT rates and owner occupied definitions closes this gap. The OECD will congratulate us!
To add insult to injury this same Canadian Bahamian resident then puts that condo out west on Air B&B and rents it out at $5,000 to $10,000 a month with no hotel licenses, no VAT, no national insurance, no business licenses in competition to small Bahamian hotel owners and local landlords who are catching hell with higher VAT.
The rent is normally paid in foreign currency outside the Bahamas so it does not even help the Bahamian economy.
Wealthy Bahamian professionals need to stop giving our country away. No wonder no matter how much the government increase VAT it will never be enough because so few rich people actually pay VAT on capital transactions.
On 'Sales cancelled' fear if no VAT grace given
Posted 29 June 2018, 7:22 a.m. Suggest removal
observer2 says...
Hey, des foreign carpet baggars almost as slick as Oban's dem. Check out dey website. Dey come from no where and land big big contract wit gullible Minnis & Co.
Come on bloggers lets do our due diligence and find out actually what Greg has actually accomplished in his life. I don't see one single proven project to his name. Yet he will now gather all the private information of every last Bahamian.
Fred Smith need to stop him collectin we data. I ain know what he ga do wit dat. He ain even got no address on his website or phone number. At least Oban's dem had shared office space somewhere.
https://gibcdigital.com/
On Government wants single digital ID for Bahamians
Posted 28 June 2018, 7:52 p.m. Suggest removal