If our politicians on all sides understood the differences between some of the indicators Standard & Poors (S&P) and Moody’s use to make their credit rating and economic assessments, some of the comments they made on this issue this week would not have been made. And more importantly, if those differences and the ramifications thereof were understood, certain key decisions that have us at the point we are at today, would never have been made by our government in the first place. We need more depth and working knowledge among the powers that be in The Bahamas. Continue reading
Getting mad at global credit ratings agencies is not going to change our downward spiral as a country. THE S&P and MOODY’S DON’T CARE ABOUT YOUR UPCOMING CONVENTION AND HOW YOU NEED TO MAKE YOUR PARTY LOOK FOR AN UPCOMING ELECTION. Instead of trying to do what your Party is proving to be incapable of (which is proper governance), you decide to throw temper tantrums at the global players who with one stroke of a pen, can decide the fate of our country and bring this house of cards we knew as a “prosperous nation” crumbling down. Let’s face it Bahamas. As a non-producing, service-based economy, we have been living “the good life” compared to many countries in the Caribbean for a long time. But that “good life” as we know it is slipping away from us more and more everyday. And the people we elected have not given us a single REAL reason to intelligently believe they are able to reverse the huge damage they have caused, as well as the damage that has been building up over the years. Continue reading
Political puppet masters are, as we speak, behind the scenes working their deals, brokering their master plans, plotting to manipulate, weaken or damage those they think stand in their way, and putting others up in our faces in the “good cop” role; pretending to be the heroes for all things right and necessary – when what they really are, are decoys to fool and distract you and me as others scheme to get or keep hands on the driver’s seats of our nation. Continue reading
Standard & Poors (S&P) has once again downgraded our sovereign credit rating. These downgrades make The Bahamas a less attractive place to invest and do business. They also make it harder for the country to access funding at lower interest rates. And now the S&P now says there is an over 30% chance they may downgrade us AGAIN, which would essentially take our credit rating to junk status.
in addition to a weakening economy, high unemployment and too many of us having too much personal debt, the S&P said this about its reasons for downgrading us again. QUOTE: “The negative outlook reflects our view that there is a greater than one-in-three likelihood that we could again lower our ratings on The Bahamas within six to 24 months. We could lower our ratings if the Baha Mar proceedings have knock-on effects on the island’s growth prospects, fiscal accounts, or external position beyond our current estimates. We could also lower our ratings if the handling of the Baha Mar project, and its wider implications, leads us to reassess our view of The Bahamas’ institutional settings, which we currently view as a rating strength.“ Continue reading
Okay, wonderful. Let the grand triggering of that Article begin so we can clean out a goodly number of MPs with one go. Then a General Election would have to happen even earlier than the government is currently planning. Of course though, Article 49 says that once an MP discloses his or her interests in a government contract to Parliament, Parliament can decide whether or not it is okay for that MP to be engaged in that interest. Given the way we do politics and governance in this country, which governing side is going to vote to start proceedings that could unseat one of their own MPs if he or she declares such interests anyway? #TheStenchOfPOLITRICKSIsReal
Now, I can spend all day on this topic here, but nobody has time for that so I will try to make this as brief and to the point as possible. Right now, the government is engaged in the age-old tactic of shifting attention from their failings to other discussions. They are not really trying to make you think they are a good and decent organization because they know you know that isn’t true. So instead, they want to make sure you believe that everyone is exactly the same. THE BASIC MIND GAME IS THIS – they know the way the mind works. If the average Bahamian believes that there is no difference between anyone running for office, they will either decide to stick with who is already there now and vote them back in since in their mind, we can’t do any better either way – OR – they will say “to hell with it” and decide not to vote at all – which will still work in the government’s favor. It’s just like when you are in a bad relationship. If you are already beaten down and tired, all your partner has to do is convince you that you might as well stay because whoever else you end up with will treat you the same or worse. So what do you do? STAY WITH THE PERSON EVEN THOUGH THEY ARE DESTROYING YOU, because you figure it makes no sense bothering to leave them. MIND GAME 101. Continue reading
We are once again seeing the age-old tricks that we as Bahamians keep on falling for, and had better stop falling for if we have even the slightest true hope to have anything left to save for our children, and theirs and our quality of life.
TRICK #1 – LET’S FIND SOME HAITIANS TO CATCH (OR SOME WHITE PEOPLE TO DEMONIZE) Continue reading
Violent crime in Nassau is out of control. There is no question at all about that. The fear of crime is no doubt at an all-time high. Court cases for murders don’t often end in convictions. We are angry, we are scared and we want change. We absolutely need action and change where appropriate. What we as citizens in a democracy must always be mindful of though, is to never allow your fear to make you more open to overlooking your rights. I HAVE NO ISSUE WITH LAWFUL USE OF FORCE BY OUR POLICE. Policing is dangerous work and officers face challenges and risks many of us cannot begin to imagine. At the same time, any time someone is killed by an agent of the State, it is a serious matter. Continue reading
In his first term in office, the Prime Minister promised you an underwater hotel. Now he is projecting floating aquatic cities for Freeport. So last time you were supposed to drown. This time you are supposed to float above your underwater grave. The government might as well had lined off every unemployed and underemployed Grand Bahamian along with all struggling businesspersons and laughed them to scorn right in their faces – that’s just how insultingly blatant the government was about campaigning this week on taxpayer dollars in Freeport’s face IN SPITE of Freeport’s state.
Regarding Baha Mar, in US Chapter 11 bankruptcy proceedings, there is what is called a “discovery” process. This process is basically a disclosure and examination of all the matters that have led up to the financial position the debtor (in this case, Izmirlian) is in which led to the bankruptcy protection filing. This means all cards and evidence are supposed to be put before the Court and full accountability is supposed to take place about all that has taken place. And so you wonder why the government is mad about a filing that would involve a discovery process in US Courts? Could it be that there are things THEY DON’T WANT TO BE DISCOVERED?