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Baha Mar to be sold twice as court process ends

BAHA Mar’s secured creditor has acquired the project from its receivers for a sum “substantially higher” than that offered by the top bidder, with the property essentially being sold twice as part of the process.

Baha Mar expat staff suffer claims reverse

Baha Mar’s former expatriate staff are now at the China Export-Import Bank’s mercy, after the Supreme Court ruled their compensation claims rank below those of the project’s $2.45 billion secured creditor.Justice Ian Winder, in a June 6 verdict, rule

Liquidators disclose no adverse Sarkis findings 

Baha Mar’s liquidators yesterday made no criticisms of Sarkis Izmirlian and his fellow directors, despite revealing the project had been left insolvent with multi-billion dollar liabilities.

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Dario Saunders gets valuable advice for the minor league

FROM several players who have been there and done it, Dario Saunders got some valuable advice to help him prepare for his trip to the Dominican Republic in April to play in the Cincinnati Reds’ minor league summer league programme.

YOUR SAY: Local government . . . at best, inadequate

“An informed citizen is one who participates fully, understanding that democracy is not only the time spent in a polling booth every five years, but rather, democracy is the active participation of that same citizen in the day to day affairs of his country.” Warren J Levarity – 1967

URCA orders ‘middle ground’ on NewCo’s BTC roaming period

Regulators have ordered a ‘middle ground’ compromise on how long NewCo2015 can use the Bahamas Telecommunications Company’s (BTC) network to deliver its own mobile services, stipulating a 24-month time period.

‘Little faith’ on $150m GFS deficit projection

The Opposition’s deputy leader has “very little faith” the Government will hit its projected $150 million deficit target for 2015-2016, following the $184 million ‘revision’ to the prior fiscal year.

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$150,000 fine for Jerome Fitzgerald in Save The Bays emails row

IN A landmark ruling yesterday, Supreme Court Justice Indra Charles declared that Education Minister Jerome Fitzgerald was not legally justified when he tabled the private emails of environmental action group Save The Bays in Parliament, and therefore could not be protected by parliamentary privilege.

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Demand worries over Gov’t bond ‘competitive bid’ move

A Bahamas-based investment banker yesterday said “insufficient demand” means the Government is unlikely to lower its domestic debt costs through the launch of competitive bidding for its securities.

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STATESIDE: George got a rare justice in a system which needs change

Derek Chauvin was convicted late Tuesday afternoon by a Minneapolis jury on charges of second-degree unintentional murder, third-degree murder and second-degree manslaughter. You might have heard about it.

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Trump greets supporters following new details of his illness

BETHESDA, Md. (AP) — Infected and contagious, President Donald Trump briefly ventured out in a motorcade on Sunday to salute cheering supporters, a move that disregarded precautions meant to contain the deadly virus that has forced his hospitalization and killed more than 209,000 Americans.

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FRONT PORCH: The tragicomedy and farce of Trump’s America

The denouement of Donald Trump’s shambolic and dangerous presidency intensified with the onset of the COVID-19 pandemic and the resulting calamitous economic fallout, twin crises managed more adroitly and seriously by the Chinese rather than the American Government.

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INSIGHT: Science is the way forward

The Bahamas, like the rest of the world, should realise by now that COVID-19 and its effects are going to be around for some time and as such we should be finding a way to live with it.

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DIANE PHILLIPS: Can someone please explain why this is allowed to happen?

A real-life Hatfield-McCoys is playing out on a narrow, paved path off Village Road in Nassau. That’s where a few residents on the southern side and in a neatly fenced in area at the cul de sac on the western end have been fighting a seemingly endless battle with an unlicensed hotel that occupies the northern side.

Auto dealers: 'God help us' if 30% fall persists

New car dealers yesterday expressed “grave concern” over the 31.17 per cent third quarter sales decline, warning: “God helps us if this trend continues into 2018.”Fred Albury, the Bahamas Motor Dealers Association’s (BMDA) president, told Tribune Bus

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Construction 'being killed' by large-scale expat hiring

The Bahamian construction industry is being “killed and decimated” by the large-scale importation of foreign workers for jobs that are not being made known to locals, it was argued yesterday.Leonard Sands, the Bahamian Contractors Association’s (BCA)

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FACE TO FACE: Felicia fighting to help young women from falling through the cracks in the system

When Felicia was just 16-years-old, she gave birth to a beautiful baby girl. She knew she was too young and that life would never be the same. She was born in a two-parent home and she considered her life stable until the age of 10, when her parents got divorced.

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STATESIDE: The #MeToo creator changing the world

We often read stories about lottery winners. We read the winner was living a modest life and the unimaginable riches from the lottery will transform his or her life. There is once-in-a-lifetime excitement, then a list of worthy things the person will do with the money.

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PETER YOUNG: Strong words - but are the right people listening?

THE current international hysteria over the threat of a Russian invasion of Ukraine has been dominating the news to such an extent recently that various other significant international events have been largely ignored in the media. One example was last week’s visit to Australia of the British Foreign Secretary, Liz Truss.

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PETER YOUNG: Global tensions take the shine off China’s sporting showcase

IN an ideal world politics should be kept out of sport. But, in reality, that is rarely possible since at the national level, in particular, the two are inextricably linked.