In addition, to campaign finance reform can we please create some laws to deal with the evil that is going on in this country.
For example, I have complained to BTC about these gambling ads - see picture - that come on my cell phone every hour. I think it is inappropriate for a corporation 51% owned by the government to be encouraging gambling. If 30,000 Bahamian text back to BTC every day, BTC is making $30,000 a day and selling Bahamians false hope.
Looks like we need 50 houses of parliament to create legislation to deal with all the wrong doing in this country.
This is all rhetoric with with no substance. Because there is no constitutional segregation of powers between the Executive Branch of Government and the AG, coupled with us being an independent sovereign nation (thanks to a flawed 1973 constitution) there thrives in the Bahamas an ideal environment for unchecked corruption, non transparent government, lack of accountability or checks and balances. This allows for the continuation of dysfunctional government evident by BEC bribes, CoB, BoB, Bamsi, Post Office Bank, BTC, Abaco DMV, large travel and entertainment bills, carnival, Baha Mar etc. etc.
Compare us with the Turks and Caicos where the EU have recently gave them glowing marks on governance, transparency and much improved fiscal performance.
Because the Turks and Caicos are a colony (and not a sovereign) the UK was able to root out corruption.
So when you hear politicians chatter about sovereignty and why the medieval Bahamian liquidation law is superior to a state of the art Delaware bankruptcy legal framework based in a transparent developed world jurisdiction...you now know why.
"Banker" it's amazing that very few bloggers are following this storey. The current Cable Bahamas loss is not a flash in the pan and is consistent with an earlier material trend/decline in profits earlier this year. This was explained by "DonAnthony" is his blog attached to the following link.
Cable is a widely held Bahamian stock and preference share issue yet none of the media, financial advisors, pension funds, directors or brokers are pushing Cable to put a halt to their expansion folly.
In an earlier blog I also put forward arguments as to why I think the US acquisitions or the cell phone license expansion in the Bahamas will fail. See "Observer2" blog on the attached link.
Once the billion is borrowed and most of it has gone to the foreign management company the entire electrical company will collapse (owing hundreds of millions to Bahamian businesses) ...but it will collapse in slow motion over about 3 governments (PLP 2012, FNM 2017 and then PLP 2022). BEC will collapse in 2023 under the PLP...by that time Obie will be responsible.
Hopefully this loan will cover up some of the $100 million that was wasted and we can finally get national health insurance for all Bahamians and not just those that can afford outrageously priced private health insurance. They said that once NHI is implemented there will be no need for private health insurance. I can't wait for the savings. It would be good if the foreigners who are doing the consulting can come and run it for us. We really need these foreigners as we aren't sure what we are doing. Take for example BTC which was owned by Bahamians. Now that we sold it to foreigners it is so much better run.
National Health will complete the government control of the entire economy for the betterment of our people. Government will now control healthcare, schools, communications, electricity, low cost housing, banks, roads, airlines and airports.
Its is important to remain PLP so you can get some of the gravy. The FNMs need to wait their turn and not be so vex.
Economist. We need and we will devalue our currency in order to be competitive. All industrialized countries have devalued their currency to compensate for the strength of the US economy compared to theirs. Look at the Euro (since January it has been devalued from $1.20 to $1.06 or 16%) and look at the Canadian dollar (since January it has been devalued from $0.86 to $0.64 or 14%). These are just two examples. You should also look at Brazil, China, Russia, Norway and South Africa as well. Every developed country has devalued except the Bahamas.
With our growing debt, high unemployment, lack of foreign investment, crime, low education level etc. etc. a devaluation will be a big boost to our economy. I argue that we need to devalue our currency from $1.00 too $0.80 or 20%. The devaluation needs to be sudden and without warning just like they did in China so that people don't become afraid and try to take their money out of the banks, Bahamian stocks and bonds.
Once the devaluation is done labour will become cheaper. The increased minimum wage, national insurance rates, business license fees and VAT is making labour too expensive for foreign businesses. Foreigners will make more money in their hotels and the expanded economy will trickle down to the poor.
Take a look at pages 52 and 53 of the PLP Manifesto for 2012 (below). Their visionary identification of our current financial problems and the steps they are taking to correct the issues are spot on. With VAT, recapitalization of BoB, Bamsi etc. we are on the correct course. Steady as she goes.
Sheeprunner12, have you talked with the number boys? I would have thought they had money to lend. Besides what do you need a loan for? Don't you have a government job, a low income house through BoB where you don't have to pay the mortgage, a third hand broke down car imported on the island and don't your children go to a fully paid government school (Baha Mar will open to give all of our kids jobs very soon according to Christie) and free national health care will be here shortly so we will not have to pay for medical insurance. If I were you I wouldn't get a loan from these foreigners.
observer2 says...
In addition, to campaign finance reform can we please create some laws to deal with the evil that is going on in this country.
For example, I have complained to BTC about these gambling ads - see picture - that come on my cell phone every hour. I think it is inappropriate for a corporation 51% owned by the government to be encouraging gambling. If 30,000 Bahamian text back to BTC every day, BTC is making $30,000 a day and selling Bahamians false hope.
Looks like we need 50 houses of parliament to create legislation to deal with all the wrong doing in this country.
http://tribune242.com/users/photos/2015…
On Gomez calls for law on campaign finance
Posted 30 November 2015, 2:41 p.m. Suggest removal
observer2 says...
This is all rhetoric with with no substance. Because there is no constitutional segregation of powers between the Executive Branch of Government and the AG, coupled with us being an independent sovereign nation (thanks to a flawed 1973 constitution) there thrives in the Bahamas an ideal environment for unchecked corruption, non transparent government, lack of accountability or checks and balances. This allows for the continuation of dysfunctional government evident by BEC bribes, CoB, BoB, Bamsi, Post Office Bank, BTC, Abaco DMV, large travel and entertainment bills, carnival, Baha Mar etc. etc.
Compare us with the Turks and Caicos where the EU have recently gave them glowing marks on governance, transparency and much improved fiscal performance.
Because the Turks and Caicos are a colony (and not a sovereign) the UK was able to root out corruption.
So when you hear politicians chatter about sovereignty and why the medieval Bahamian liquidation law is superior to a state of the art Delaware bankruptcy legal framework based in a transparent developed world jurisdiction...you now know why.
http://www.tcinewsnow.com/topstory-EU-a…
http://www.jamaicaobserver.com/news/For…
On Gomez stands by pledge to tackle govt corruption
Posted 27 November 2015, 8:42 a.m. Suggest removal
observer2 says...
"Banker" it's amazing that very few bloggers are following this storey. The current Cable Bahamas loss is not a flash in the pan and is consistent with an earlier material trend/decline in profits earlier this year. This was explained by "DonAnthony" is his blog attached to the following link.
http://www.tribune242.com/news/2015/may…
Cable is a widely held Bahamian stock and preference share issue yet none of the media, financial advisors, pension funds, directors or brokers are pushing Cable to put a halt to their expansion folly.
In an earlier blog I also put forward arguments as to why I think the US acquisitions or the cell phone license expansion in the Bahamas will fail. See "Observer2" blog on the attached link.
http://www.tribune242.com/news/2015/nov…
On Cable: 3-5 years to ‘turn corner’ on Florida move
Posted 26 November 2015, 7:25 a.m. Suggest removal
observer2 says...
“It’s not beyond our expectations that we’ll see these kinds of results [the $587,000 loss] right now,” he added.
Interpretation: We are going to see more losses.
On Cable: 3-5 years to ‘turn corner’ on Florida move
Posted 25 November 2015, 2:43 p.m. Suggest removal
observer2 says...
Sounds like Baha Mar #2!
Once the billion is borrowed and most of it has gone to the foreign management company the entire electrical company will collapse (owing hundreds of millions to Bahamian businesses) ...but it will collapse in slow motion over about 3 governments (PLP 2012, FNM 2017 and then PLP 2022). BEC will collapse in 2023 under the PLP...by that time Obie will be responsible.
On Over $1bn needed for BEC reforms
Posted 24 November 2015, 5:01 p.m. Suggest removal
observer2 says...
Hopefully this loan will cover up some of the $100 million that was wasted and we can finally get national health insurance for all Bahamians and not just those that can afford outrageously priced private health insurance. They said that once NHI is implemented there will be no need for private health insurance. I can't wait for the savings. It would be good if the foreigners who are doing the consulting can come and run it for us. We really need these foreigners as we aren't sure what we are doing. Take for example BTC which was owned by Bahamians. Now that we sold it to foreigners it is so much better run.
National Health will complete the government control of the entire economy for the betterment of our people. Government will now control healthcare, schools, communications, electricity, low cost housing, banks, roads, airlines and airports.
Its is important to remain PLP so you can get some of the gravy. The FNMs need to wait their turn and not be so vex.
On PHA readies for $25m bond issue
Posted 23 November 2015, 4:38 p.m. Suggest removal
observer2 says...
http://tribune242.com/users/photos/2015…
PLP Vision 2030 - Pages 52 and 53
On Fourth consecutive credit contraction for Bahamas
Posted 22 November 2015, 7:52 a.m. Suggest removal
observer2 says...
Economist. We need and we will devalue our currency in order to be competitive. All industrialized countries have devalued their currency to compensate for the strength of the US economy compared to theirs. Look at the Euro (since January it has been devalued from $1.20 to $1.06 or 16%) and look at the Canadian dollar (since January it has been devalued from $0.86 to $0.64 or 14%). These are just two examples. You should also look at Brazil, China, Russia, Norway and South Africa as well. Every developed country has devalued except the Bahamas.
With our growing debt, high unemployment, lack of foreign investment, crime, low education level etc. etc. a devaluation will be a big boost to our economy. I argue that we need to devalue our currency from $1.00 too $0.80 or 20%. The devaluation needs to be sudden and without warning just like they did in China so that people don't become afraid and try to take their money out of the banks, Bahamian stocks and bonds.
Once the devaluation is done labour will become cheaper. The increased minimum wage, national insurance rates, business license fees and VAT is making labour too expensive for foreign businesses. Foreigners will make more money in their hotels and the expanded economy will trickle down to the poor.
Take a look at pages 52 and 53 of the PLP Manifesto for 2012 (below). Their visionary identification of our current financial problems and the steps they are taking to correct the issues are spot on. With VAT, recapitalization of BoB, Bamsi etc. we are on the correct course. Steady as she goes.
On Fourth consecutive credit contraction for Bahamas
Posted 22 November 2015, 7:35 a.m. Suggest removal
observer2 says...
Sheeprunner12, have you talked with the number boys? I would have thought they had money to lend. Besides what do you need a loan for? Don't you have a government job, a low income house through BoB where you don't have to pay the mortgage, a third hand broke down car imported on the island and don't your children go to a fully paid government school (Baha Mar will open to give all of our kids jobs very soon according to Christie) and free national health care will be here shortly so we will not have to pay for medical insurance. If I were you I wouldn't get a loan from these foreigners.
On Fourth consecutive credit contraction for Bahamas
Posted 21 November 2015, 6:03 p.m. Suggest removal
observer2 says...
PLP Vision 2030 - Help and Hope are here today!
http://tribune242.com/users/photos/2015…
On Fourth consecutive credit contraction for Bahamas
Posted 21 November 2015, 11:53 a.m. Suggest removal