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ALFRED M SEARS, QC: We need to build a safe and prosperous future for The Bahamas
Hurricane Dorian’s $3.4 billion loss has decimated 27 percent of the GDP of The Bahamas making it impossible for the country to make its budgeted $340 million debt servicing on the $8.4 billion outstanding national debt.
FRONT PORCH – Climate Emergency: When a Cat 5 Strikes Nassau?
There is a deep ocean of rhetoric from countries producing the vast majority of carbon emissions heating our planet, with myriad pledges on reducing emissions, and promises cum pledges of funds for developing countries facing existential danger amidst rising sea levels, increasing inequality and natural disasters.
Legal battle to restart on web shop taxation
The Government and web shops will resolve their dispute over the industry’s “sliding scale” tax structure in the courts, it was revealed yesterday, despite making progress on the “patron tax”.
Prices 'through roof' on grocers' 20% VAT recovery
Food stores could recover as little as 15-20 per cent of their Value-Added Tax (VAT) ‘input’ costs under existing legislation, a leading retailer yesterday warning this would drive prices “through the roof” plus result in business closures and lay-offs.
Sports notes
THE Double R Services Limited Cleaners had to hold off a strong attack by the College of the Bahamas Caribs for a 71-69 victory at the AF Adderley Gym Monday night as the New Providence Basketball Association continued its regular season.
$10M SOCIAL SECURITY REFORMS 'FIRST OF THEIR KIND' IN CARIBBEAN
By NEIL HARTNELL Tribune Business Editor The Bahamas' proposed $10 million social security reform initiative is a 'first-of-its-kind' in the Caribbean, as it will tie welfare payments to "improving human capital" through better educational achievement fo
Overall crime shows 7% decline
CRIME declined by seven percent in 2019 despite a four percent uptick in murders and a 12 percent increase in armed robberies, according to police statistics. Police Commissioner Anthony Ferguson, as he released the statistics, cited Hurricane Dorian for the murder increase from 91 in 2018 to 95 in 2019, saying law enforcement will learn from having its resources stretched to respond to a natural disaster.
Buddy Hield and Sooners off to flying start
PUNDITS expected Buddy Hield to have a breakout season for the Oklahoma Sooners in his sophomore year, but Hield has exceeded expectations thus far on the floor as a scorer and in the locker room as a leader for a team that expects to surprise many people in the Big 12.
Tributes to Adderley a 'fierce Bahamian patriot'
FORMER Parliamentarian and acting Governor General, Paul Adderley, died yesterday after a lengthy illness. He was 84 years old.
Joaquin damages grow to $100m
Prime Minister Perry Christie yesterday said Hurricane Joaquin damage estimates had increased to $100 million, as he pledged to explore whether insurance could further help the Bahamas recover from such storms.
Alarm over drop in water level at sanctuary
THERE is growing concern over the unexplained huge drop in water level of a pond which is considered to be an important wetland and wildlife sanctuary in the Lucaya area of Grand Bahama.
How to slash 35% of your energy bill
According to the US Department of Energy, 35 per cent of the average home’s electricity bill is generated from water heating. Reducing this will make the Bahamas a little greener, and save money.
Work stopped at The Pointe
FORMER Deputy Prime Minister Brent Symonette yesterday called for the country’s executive leadership to resign after it was revealed that developers of the $250m The Pointe resort had overstepped approved works and were issued a stop order from the Ministry of Works.
Bran says he wants another chance in Bamboo Town
DNA Leader Branville McCartney yesterday urged voters in the Bamboo Town constituency to give him another opportunity to represent them, as he suggested that the current area representative Renward Wells has undermined their trust.
S&P downgrade a ‘wake-up call’
The Central Bank’s governor yesterday said Standard & Poor’s (S&P’s) August downgrade of the Bahamas’ sovereign credit rating to one notch above ‘junk’ status was “a wake up call”, not a “seismic event”.
Valentine’s dinner for disabled in Grand Bahama
ABOUT 100 disabled persons on Grand Bahama gathered at the Foster Pestaina Hall on Thursday evening for a Valentine’s dinner and spiritual fellowship organised by Charity activist Grace Shepherd.
Just 12% of mortgages finance 'new buildings'
New Central Bank of the Bahamas date has provided a further insight into the sluggish home construction market, with just 12 per cent of mortgage applications involving 'new builds'.
Hield cans career high 33, ‘Tum Tum’ and Spartans top Huskies
It was an historic feat in Bahamian basketball with the latest release of the NCAA rankings when Lourawls “Tum Tum” Nairn Jr and the Michigan State Spartans were ranked No.1 while Buddy Hield and the Oklahoma Sooners were ranked No.3.
Decay and disrepair at International Bazaar
THE International Bazaar – once the heart and soul of Freeport - has lost its allure and has fallen into a state of disrepair.
Businesswoman infuriated at poor Immigration service
CEVA Seymour, operator of Regions, is so fed up and frustrated with the inefficient, slow and poor service concerning the processing of applications for naturalisation and citizenship at the Department of Immigration that she has stopped accepting further applications.
