As usual, Diane allows the facts to get in the way of an objective story. Two things: yes, the Prime Minister blundered with his (obviously) flippant remarks toward the Opposition leader. It was not his (PM) best moment. But what does the action of the prime minister (and his political party) depict? 1) Renamed the PI Bridge after Sir Sidney (the same actor whom Diane mentions in her article); 2) Appointed Sir Sidney as an ambassador 3) Established The Bahamas National Youth Choir, arguably the country's most prolific and well-known cultural export (RIP, Cleophas R.E. Adderley, Jr.) 4) Formation of CAPAS - to give Bahamian kids an opportunity to pursue a career in the arts; and 5) Donation to the Dundas - as reported by representatives from the Dundas, the first time ever that a government has contributed to the Dundas.
So, yes, Diane, draft your obviously biased column, highlighting a flippant moment of the PM. You, and your Tribune masters, will no doubt be proud to "stick it to the PLP".
The facts, however, appear to diverge from your narrative.
I mean, in truth, you, also, did not provide any useful comments - save for regurgitating the petulant musings of some (probably lazy) former politician, who no doubt himself (herself) contributed to the quagmire that The Bahamas is now in, and, for damn sure, was the generous beneficiary of operating in an oligarchy.
I was thinking the same thing. I do think it is time that government mandates that all foreign companies - i.e., companies that can flee the jurisdiction when the declare bankruptcy and leave Bahamian employees in a lurch - establish a sinking fund, the sole purpose of which is that in the event of bankruptcy, etc., Bahamian employees can be paid commensurate with Bahamian laws. Too often, foreign companies can simply exit, leaving the government to have to clean up the mess.
Generally, Gowon is sober and critical in his assessment. Regarding bonds, however, he is out of his depth. Every single major publication agrees on two things: a) the cost of refinancing future debt will increase dramatically beginning in 2025; b) countries with high debt sustainability levels and low growth (hello, The Bahamas!) will face pressure (and major difficulty) in refinancing existing debt. If the government was able to refinance future debt at less rates, then this is remarkable.
I agree with Gowon, though, the government must do a better job of announcing their borrowing plans and, where it occurs, any possible scenarios that would cause a deviation from the same.
Lost in everything that he said was the following: 1) If you are a chef - a real one, not the cooks who fry hamburgers, make overcooked pasta or burn up chicken wings - there is an opportunity for you to receive money to establish a restaurant. Good news for this line of work.
I'll continue to allow the above two commentators to continue to bloviate about nonsense.
Actually, with respect to this issue, birdie is accurate. 1) The Bahamas is losing market share, Maury is right - but not because of the money. Operators of luxury yachts have an inelastic demand, money does not influence their options, much. They are moving to the mediterranean and elsewhere because of everything else (quality of life; it is fricking europe!!!; that's where the uber wealthy are; etc.). Has nothing to do, as Maury wants you to believe, with either price or VAT. Let me ask it another way: say you are Jeff Bezos or Elon Musk or Mark Zuckerberg, and you have a yacht. You really want to come to The Bahamas for god knows whatever reason. You people really think that they are going to say: "well, I really wanted to come here, but that 4% fee is just too expensive for me. I am going to Monaco." Stop it. The Bahamas' issue is the ancillary (spinoffs/things to do) and the inherent (Europe outstrips The Bahamas any day). So, Birdie, take comfort in knowing that you are correct and that the only people disagreeing with you are FNM trolls and ignorant keyboard warriors.
tetelestai says...
For once, you actually make sense.
On Barnett-Ellis: Govt passing laws without implementing
Posted 25 June 2025, 3:43 a.m. Suggest removal
tetelestai says...
As usual, Diane allows the facts to get in the way of an objective story. Two things: yes, the Prime Minister blundered with his (obviously) flippant remarks toward the Opposition leader. It was not his (PM) best moment. But what does the action of the prime minister (and his political party) depict?
1) Renamed the PI Bridge after Sir Sidney (the same actor whom Diane mentions in her article);
2) Appointed Sir Sidney as an ambassador
3) Established The Bahamas National Youth Choir, arguably the country's most prolific and well-known cultural export (RIP, Cleophas R.E. Adderley, Jr.)
4) Formation of CAPAS - to give Bahamian kids an opportunity to pursue a career in the arts; and
5) Donation to the Dundas - as reported by representatives from the Dundas, the first time ever that a government has contributed to the Dundas.
So, yes, Diane, draft your obviously biased column, highlighting a flippant moment of the PM. You, and your Tribune masters, will no doubt be proud to "stick it to the PLP".
The facts, however, appear to diverge from your narrative.
On What is a REAL JOB anyway?
Posted 23 June 2025, 3:58 a.m. Suggest removal
tetelestai says...
I mean, in truth, you, also, did not provide any useful comments - save for regurgitating the petulant musings of some (probably lazy) former politician, who no doubt himself (herself) contributed to the quagmire that The Bahamas is now in, and, for damn sure, was the generous beneficiary of operating in an oligarchy.
On FRONT PORCH: It’s really a small world after all
Posted 23 June 2025, 3:42 a.m. Suggest removal
tetelestai says...
ABEKA is nonsense. That system can suffer a quick demise.
On Wilson: Why would teachers leave US for lower salaries here?
Posted 23 June 2025, 3:30 a.m. Suggest removal
tetelestai says...
I guess this means that - once again - both the PLP and FNM denied her political candidacy request.
On Victory for Wilson in teacher union vote
Posted 23 June 2025, 3:27 a.m. Suggest removal
tetelestai says...
I was thinking the same thing. I do think it is time that government mandates that all foreign companies - i.e., companies that can flee the jurisdiction when the declare bankruptcy and leave Bahamian employees in a lurch - establish a sinking fund, the sole purpose of which is that in the event of bankruptcy, etc., Bahamian employees can be paid commensurate with Bahamian laws. Too often, foreign companies can simply exit, leaving the government to have to clean up the mess.
On Silver Airways workers still owed more than $100k
Posted 23 June 2025, 3:26 a.m. Suggest removal
tetelestai says...
Generally, Gowon is sober and critical in his assessment. Regarding bonds, however, he is out of his depth. Every single major publication agrees on two things: a) the cost of refinancing future debt will increase dramatically beginning in 2025; b) countries with high debt sustainability levels and low growth (hello, The Bahamas!) will face pressure (and major difficulty) in refinancing existing debt.
If the government was able to refinance future debt at less rates, then this is remarkable.
I agree with Gowon, though, the government must do a better job of announcing their borrowing plans and, where it occurs, any possible scenarios that would cause a deviation from the same.
On ‘Monumental’ $1.067bn bond generates ‘best deal’ question
Posted 20 June 2025, 10:59 a.m. Suggest removal
tetelestai says...
You didn't just ask what is so special about "doctors"? In a country where doctors are in short supply? You can't be this daft.
On Govt to dump deal with Cuba
Posted 18 June 2025, 4:39 a.m. Suggest removal
tetelestai says...
Lost in everything that he said was the following: 1) If you are a chef - a real one, not the cooks who fry hamburgers, make overcooked pasta or burn up chicken wings - there is an opportunity for you to receive money to establish a restaurant. Good news for this line of work.
I'll continue to allow the above two commentators to continue to bloviate about nonsense.
On ‘Reclaiming national identity’ in Downtown Nassau revival
Posted 17 June 2025, 9:39 a.m. Suggest removal
tetelestai says...
Actually, with respect to this issue, birdie is accurate. 1) The Bahamas is losing market share, Maury is right - but not because of the money. Operators of luxury yachts have an inelastic demand, money does not influence their options, much. They are moving to the mediterranean and elsewhere because of everything else (quality of life; it is fricking europe!!!; that's where the uber wealthy are; etc.). Has nothing to do, as Maury wants you to believe, with either price or VAT.
Let me ask it another way: say you are Jeff Bezos or Elon Musk or Mark Zuckerberg, and you have a yacht. You really want to come to The Bahamas for god knows whatever reason. You people really think that they are going to say: "well, I really wanted to come here, but that 4% fee is just too expensive for me. I am going to Monaco." Stop it.
The Bahamas' issue is the ancillary (spinoffs/things to do) and the inherent (Europe outstrips The Bahamas any day).
So, Birdie, take comfort in knowing that you are correct and that the only people disagreeing with you are FNM trolls and ignorant keyboard warriors.
On Foreign yacht VAT end 'not big enough carrot'
Posted 17 June 2025, 9:34 a.m. Suggest removal