Agreed on local govt. The big issue, the central govt loves power too much.
They would dread the thought of only being needed for immigration, defense, foreign affairs, and other national issues.
The govt gives a broad ok for projects to be in the Bahamas granted things to pass that level of checks but Imagine GB, NP, Exuma, and Andros all deciding themselves as to whether they want a Free Trade Zone project. Listening to Fred Smith you see the issue, he said the Govt should direct all investments to GB. Each island or district or whatever should be allowed to attract investors to their respective islands and let them compete.
So you raise a point. Does the govt have a cost-benefit analysis somewhere?
it would be good is they produced their analysis that says. This is the cost, risk, and economic benefit of opening the borders in September. This is the cost/risk and benefit of opening the borders now.
We, therefore, say that opening now is worth the X dollars vs. the risk.
Do they have such a thing handy?
They must have had an idea of how many guests we were going to get based on bookings and have a cost of shutting down things again.
IIn the absence of seeing something handy I'll do my own and would love to be corrected if my #s are wrong. I've heard we welcomed 2k tourists since the opening. in the year 2000, according to TourismToday the average stopover spend was 1000 per pax.
So let's project this over the month of July, assume maybe it picks up, do we estimate 5k? tourists.
5000 persons at 1500 p/p (adjusting up for inflation). That's about 7.5m dollars. Lets say its 10k tourists spending 2k p/p that's $20m.
On the risk side, the worst case is a spread causing a lockdown. What is the economic cost of that? then what is the likely scenario? Increased cases but a tempered lockdown? If so what is the cost of that?
I would love to see a breakdown (If they took the time to do this).
thps says...
has the govt counted this in its budget?
On September eyed for temporary lay-off time extension
Posted 14 July 2020, 2:35 p.m. Suggest removal
thps says...
Agreed on local govt. The big issue, the central govt loves power too much.
They would dread the thought of only being needed for immigration, defense, foreign affairs, and other national issues.
The govt gives a broad ok for projects to be in the Bahamas granted things to pass that level of checks but Imagine GB, NP, Exuma, and Andros all deciding themselves as to whether they want a Free Trade Zone project. Listening to Fred Smith you see the issue, he said the Govt should direct all investments to GB. Each island or district or whatever should be allowed to attract investors to their respective islands and let them compete.
On Two new cases of COVID-19 in Grand Bahama
Posted 14 July 2020, 10:35 a.m. Suggest removal
thps says...
Just wondering...is it typical with all of these cases popping up in a short time to only test 14?
I mean its easy to talk about your low cases when you test 14 in a day. The most you will have is 14 cases...right.
We went from 2519 to 2526 to 2540. So 21 in two days.
I'm not a testing guru so there may be a method here...
On Two new cases of COVID-19 in Grand Bahama
Posted 13 July 2020, 10:22 p.m. Suggest removal
thps says...
hey its not like they make a big deal and posted it on their budget website as a major cut.
https://bahamasbudget.gov.bs/media/file…
...oops
On Funding for students to study abroad put on hold
Posted 13 July 2020, 1:01 p.m. Suggest removal
thps says...
More of the same.
On BPL bailout has cost us millions: Bannister warns mountain of bills must be tackled
Posted 13 July 2020, 11:01 a.m. Suggest removal
thps says...
only the people toting water at the pump.
On Staff face probe after video shows court party
Posted 13 July 2020, 10:28 a.m. Suggest removal
thps says...
Not all a dem who live behind da gates. No clothesline allowed!
On BPL bailout has cost us millions: Bannister warns mountain of bills must be tackled
Posted 13 July 2020, 8:58 a.m. Suggest removal
thps says...
They've said no to mass testing and said they'll rely on contact tracing with targeted testing.
They spoke to Cayman said the cost was too expensive and said no.
They got 10k donated and guess they'll use their current approach and burn through the 10k as time passes.
Unless they change policy it looks heavy on the contract tracing, light on the mass testing.
thenassauguardian.com/2020/04/01/no-bla…
thenassauguardian.com/2020/05/29/minnis…
tribune242.com/news/2020/jul/02/were-ca…
On Three new cases of COVID-19 on Grand Bahama
Posted 12 July 2020, 3:47 p.m. Suggest removal
thps says...
So you raise a point. Does the govt have a cost-benefit analysis
somewhere?
it would be good is they produced their analysis that says. This is the cost, risk, and economic benefit of opening the borders in September.
This is the cost/risk and benefit of opening the borders now.
We, therefore, say that opening now is worth the X dollars vs. the risk.
Do they have such a thing handy?
They must have had an idea of how many guests we were going to get based on bookings and have a cost of shutting down things again.
IIn the absence of seeing something handy I'll do my own and would love to be corrected if my #s are wrong. I've heard we welcomed 2k tourists since the opening. in the year 2000, according to TourismToday the average stopover spend was 1000 per pax.
So let's project this over the month of July, assume maybe it picks up, do we estimate 5k? tourists.
5000 persons at 1500 p/p (adjusting up for inflation). That's about 7.5m dollars. Lets say its 10k tourists spending 2k p/p that's $20m.
On the risk side, the worst case is a spread causing a lockdown. What is the economic cost of that? then what is the likely scenario? Increased cases but a tempered lockdown? If so what is the cost of that?
I would love to see a breakdown (If they took the time to do this).
On Three new cases of COVID-19 on Grand Bahama
Posted 12 July 2020, 3:29 p.m. Suggest removal
thps says...
Good reading.
On Three new cases of COVID-19 on Grand Bahama
Posted 11 July 2020, 10:24 p.m. Suggest removal