It is truly sad to see what we have come to. This Carnival was foisted on us by a Government desperate to buy as many votes as it could, and was never intended to make an international impact (or else the marketing and promotional activities would have been a much, much,higher priority. Which just shows how badly they misjudged the impact a summer carnival could have on the economy) Yesterday's Travelocity index showed that the Bahamas is some 50% more expensive than other tourist destinations, and in only its secoind year, the local and international audiences do not appear to have any enthusiasm for this party. Also, the organizers obviously already sense that the expected crowds will be paltry, hence the reduced number of vendors and the second-rate performers.. Yet still the government cannot just admit that it was ill advised, pig-headed and just plain wrong to even contemplate having such an expensive fiasco this year. Truly sad that in just 2 years "we" have spent approximately $15 million and will never see a penny back.

Just to clarify - they are not saying that we are like McDonalds. There is an index used by the Economist magazine which shows the price of a typical McDonalds sandwich around the world. This in effect shows how expensive a place is when compared to others. In a simlar vein, Travelocity has worked out how much a typical "week at the beach" will cost a tourist (I'm assuming they include such things as hotel, travel, taxis, gratuities, taxes, meals, sundries, drinks). Hope this helps.

Isn't it ironic that she states today that invetigations will commence? Is she trying to tell us that the Auditor General prepared his report, did the field work, prepared for it to be tabled in the House, all without her having any prior knowledge? Of course not !! Just another weaselly rat trying to wriggle out of another corruption scandal. And we all know that nothing will come of it, except for the $4 million staying in PLP croney pockets

Wilson wants us to invest in equity (ie non interest bearing shares) - does he think that those of us with a bit of money are stupid? If all I own is 0.001% of a company, it is not for me to say whether dividends will be paid or not, nor do I have an effective say in the company's affairs. At least if invest in interest bearing securities (preference shares or bonds) I will hopefully get interest each year.

Put yourself in my position Mr Wilson - if you were me, would you invest in your company? Hmmm - thought not.

tl;dr - We, the taxpayers, will put another $30 mio into this corrupt money pit

Let's be clear, it was Cameron's father who set up the offshore trust fund. Cameron Jr sold his stake (gifted from his father) shortly before being elected PM, and (how fortunate for him) there was no capital gains tax to be paid. So there was nothing illegal under the laws of either the UK or the Bahamas. Where I have a problem is (i) that he has called out other people in the past for using offshore structures, so he is basically a huge hypocrite, and (ii) at the same time he has put us in the spotlight as being some kind of dodgy tax haven, when the truth of the matter is that the Bahamas is one of the most highly regulated jurisdictions in the world. It is far more difficult to open a new account here than (for example) in Delaware, the Channel Islands, England or Canada

And there is a further nuance to your comment.....the extra losses at BEC are caused by pension obligations (according to the article). So while the employees at BEC have a guaranteed income, we, the regular taxpayers, are in effect subsidising them, and the bondholders may have to take a loss. My, isn't it good to know that when government runs a corporation, they look after the people they have given jobs to !! If this was a private company, the shareholders and employees would share equally in the losses. In my opinion, the sooner government gets out of the business of being in business, the better

It will be another blow to our already reeling offshore banking industry, because in the upcoming days and weeks, every time a new revelation about Mossack Fonseca comes out, the Bahamas is bound to be mentioned as one of the havens used. Already we have heard of the Bahamas involvement with Macri (above), Cameron's father (UK), the Gehlaut family and their realty holdings (India), Vladmir Putin (Russia) etc etc etc. And of course MF has offices here. I am almost looking forward to finding out the dirt on the Bahamian movers and shakers that will surely come to the surface.

We already know that no headliner will touch this event with a barge pole, now they can't even get vendors to sell their overpriced food. And after the fiasco with unpaid local entertainers last year, good luck getting any musicians this time around. But I forgot.....it's not about putting on an event that the public will enjoy, it's all about enriching the usual cronies and PLP besties.

Headline should read...."Not allowed to perform Due Diligence, hopes for Baha Mar sale up in smoke"