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Destroying fortunes
ActivTrades
EVEN the most powerful online retailer in the world is having trouble with the gloomy consumer mood. After disappointing quarterly figures, Amazon’s share price collapsed dramatically. This also affected the fortune of its founder. And some of the world’s other richest men are still feeling the effects of this technology crash.
DIANE PHILLIPS: Speaking up and speaking out for justice – even if the victim is someone whose opinions scare the living daylights out of you
IT’S a dilemma lawyers overcome easily, giving their legal best to represent people they do not necessarily like. They take an oath to seek justice for those who seek it even if it feels like the person demanding it does not deserve it. They do what they were trained to do, protect the less likeable or even the guilty, to preserve the process that allows everyone to have confidence in a system that works.
Growing for the future
THIS month will be historic for One Eleuthera Foundation (OEF) and our sister entity The Centre for Training and Innovation (CTI) located in Rock Sound, Eleuthera. It will mark the first planting of our newly completed, and quite revolutionary 1.1-acre solar powered growhouse. We’ve named it the “OASIS,” in part because of its built-in rain catchment system and massive water storage tanks which will collect and store over a million gallons of rainwater to irrigate crops and supply the entire farm.
Agriculture sees inflation raise prices fivefold
COMPANIES in the agriculture industry said inflation has impacted them, with one business stating that in some cases prices have increased fivefold.
Private sector credit shrank 20% pts of GDP pre-COVID
The Bahamas’ low pre-COVID economic growth coincided with bank credit to the private sector contracting by the equivalent of 20 percentage points of GDP, an international rating agency has revealed.
How much did Bermuda trip cost? Sorry, we don’t know
PRESS secretary Clint Watson admitted yesterday that the full cost of Prime Minister Philip “Brave” Davis’ trip to Bermuda last week is still not known and he was unable to say how much money was spent on hotel accommodations, transportation, food, per diem and other trip-related elements.
Retailers offer 10% ‘free’ food top-up plan
Bahamian food retailers have proposed a joint venture with the Ministry of Social Services where they will provide a 10 per cent ‘free’ food top-up targeted at “the most vulnerable among our Bahamian brothers and sisters”.
Pintard: Gov’t had ‘enough meat’ over BPL fuel hedge
The Opposition’s leader yesterday charged that key policymakers in the Davis administration were given “sufficient meat” to understand the fall-out if the trades underpinning Bahamas Power & Light’s (BPL) fuel hedge were not executed.
Crime wave by Haitian shamans
I believe the case can be made that certain officials danced around the issue of law enforcement officers being assigned to the Turks and Caicos Islands (TCI) nearly a month ago.
Sports Notes
THE Bahamas Small Schools Athletic Association’s 2022 volleyball season continued on Wednesday at the Tom “The Bird” Grant Sporting Complex in Yellow Elder with the following results posted:
Ayton earns his second double double of season
DEANDRE Ayton recorded his second double double and his Phoenix Suns dominated the defending NBA champions in a tense physical game that featured an ejection and seven technical fouls.
NCAA men’s golf tees off today at Ocean Club
NCAA golf continues its calendar of events in The Bahamas with the men’s division of the White Sands Series. Hosted by Virginia Commonwealth University at the Atlantis resort’s Ocean Club Golf Course, the 12-team field will tee off today to begin the 54-hole event.
Pro basketball players stand out in Spain, Balkans
In Spain, Danrad Knowles makes his debut in a new league while Lashann Higgs becomes her team’s leading scorer and in the Balkans, Zane Knowles averages a double double and Kentwan Smith’s defence stands out.
STATESIDE: The odds favour a Biden-Trump rematch
EVER since it became clear in the late spring and early summer of 2020 that Joe Biden would emerge from a crowded, desperate Democratic Party primary campaign as the challenger to Donald Trump’s bid for re-election, there has been much speculation about whether the fate of these two septuagenarians is inextricably linked.
Fuel hedge to save $55m, BPL chief informed minister
Bahamas Power & Light (BPL) was on track to save its customers more than $54m over the 18 months to January 2022 if its controversial fuel hedging initiative was followed, a Cabinet minister was informed.
‘Devil in the detail’ over NHI reforms
Doctors and private health insurers yesterday appeared to be caught off-guard by the Government’s tabling of National Health Insurance (NHI) reforms in the House of Assembly, with one saying: “The devil’s in the details.”
VAT lift on power bill ‘insignificant’
FREE National Movement leader Michael Pintard said the government’s amendment to the Value Added Tax Bill to increase the VAT-free ceiling on Bahamas Power and Light bills from $300 to $400 is “insignificant”.
Mitchell says goalposts shifting on tax
DESPITE the notion that Caribbean countries with competitive tax regimes are robbing European countries of revenue, Foreign Affairs Minister Fred Mitchell said the evidence shows the opposite of this is true.
Darville tables new NHI Bill in Parliament
HEALTH and Wellness Minister Dr Michael Darville yesterday tabled the new National Health Insurance Bill 2022, which once passed will repeal the NHI legislation of 2016.
BERMUDA COSTS ‘WILL BE’ PAID UP: PM admits PLP cheque did not cover full costs
PRIME Minister Philip “Brave” Davis was adamant yesterday “that everything will be reckoned” regarding his recent controversial trip to Bermuda and admitted that a $24,750 cheque paid to the Public Treasury by the Progressive Liberal Party as reimbursement did not cover the total of bills for the event.
