Bahamian Tycoon, your Laffer curve theory is sound and a very good explanation for the Government past and present is doing to the Bahamian people. It all boils down to the economic policies implemented by the various administrations (PLP and FNM) from we achieved majority rule in 1967.

While the period from 1967 to 1992, and especially after independence in 1973, remains “the most transformational time in our post-independence history”, Ingraham administration policies meant that those who already had significant capital did very well, and there was no significant positive impact on national development under a Minnis administration.
Families who benefited from the country’s natural resources via shares in those companies , were given an enormous head start, in terms of the ability to accumulate capital and wealth.

while education gave thousands of Bahamians new paths to self-empowerment and opportunity, the economy was not sufficiently expanded and diversified in order to accommodate them.
“After the initial group of middle-class success who all had political connections, educated Bahamians were later encouraged to become ‘jobseekers’, rather than people with high ambitions to pursue careers and create wealth,”
Financial and personal discipline played a role in those who today can be said to have succeeded and those who lost it all. Let us not forget that the drug era fueled a fake illusion of a vast underground economy for many who have either passed on and was not able to transfer their wealth to the next gene
The arrival of the Ingraham in 1992 signaled many changes that today still have a profound effect of the Bahamian Population. One such policy is the amount of consumer loans or consumer credit Bahamian workers are allowed to access. Consumer debt in 1991 was about $271Million or about $2,000 for every working person. By the end of 2014, the level of consumer debts had increase to almost $2.3 Billion Dollars or about $11,500 for every working person.

Thus, from 1991 to 2014, our average income after taxes increased by about 8 percent but the level of our consumer loans went up by almost 500 percent.
The true position is worse.

How did this explosion in consumer credit really begin?

In 1991 to secure a consumer loan, government policy was that you had to have first saved something. Specially, if you wanted to borrow $1,000, you had have at least $350 of your own. Beginning in 1992 or early 1993, the Government decided that this policy was a "harsh restriction". So the need for any deposit was eliminated. You no longer had to save anything.
For workers It Drastically Worsened Their Financial Position. The maximum amount of a salary which could be paid via an authorization for "salary deduction" was 45%. Over a period of time, even that policy has changed. With excuses like exemptions for emergencies, The typical Government employee is actually seeing only 28% of his or her income as take home pay.

Those in the DNA testing business in the Bahamas needs to get up to date because many cold cases in the USA are being solved from decades ago by DNA testing.

Mr Hartnell,..... how about doing an article on Royal Caribbean Cruise Lines beach club at paradise island which is about to pass its equity offering launch window which was due to take place from August to December 31st this year..... Why is there a delay ?

The Global south and Mother Africa in particular are awakening to the historic plundering of their resources. Th Colonial powers including the United States will continue to feel renewed pressure as the BRICS countries adopt their own currency for international trade and discard the US dollar. The rise of China cannot be stopped because 1.4 billion people cannot be silenced. China middle class has surpassed the entire population of the USA. The progress China has made since Chaiman Deng Xiaoping came to 1978 is nothing short of astounding. Their must be mutual respect between the European Union, China and the United States. The present world Order is Changing fasten the Climate itself.

Mr. Darling has a very strong case. It is a known fact that Dr Hervis Bain worked in the copy right office for many years and that Mr. Darling idea was pirated, stolen or copied. I am glad Mr. Darling has the written documents and instruments to prove his claim and the design of his board game.

Aliv has a multiyear financial track record. Preference shareholders and bond holders would gladly convert their holdings to equity if given a chance. What happen to the Government promise to allow Bahamians to buy shares in Aliv. Administrations change but their promises are a comfort to a fool.

Thanks for your expert analysis of what's going on in the telecommunications sector. You are living proof that Bahamians all over the world can run BTC and Cable Bahamas//Aliv ...no need for foreigners.

Due to the scarcity of land in New Providence. The ideal location for a 100MW plant would be a floating solar plant on Lake Killarney. The Bahamas would not be reinventing the wheel because this has been done in many countries around the world require up to 500 acres of land.

**Yesterday, Mrs Coleby-Davis said the post office headquarters needs a building that can encompass the additional services the administration wants to introduce.**

This political cronyism of fixing up party favorites with contracts for the rental of their buildings to keep the money in the ruling class circle has got to stop. What the minister is saying in this article may never happen because this government is now running out of time with under three years left to the next election. Tell the people the truth about the **two government buildings** being built behind the City Bank building in Oakes field by Sebas company. It is said that one is the new pass port office and the other will be the Post office.

Long Island is only a hop skip and jump away from Exuma why not include Long Island ?