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BISX-listed firm’s $5m ‘recapitalise’ after SEC settles
A BISX-listed company will have to undergo a $5 million ‘recapitalisation’ as a result of the deal struck by its principal and main subsidiary to settle a lawsuit against them by US federal regulators.
NPBA Championships: Rockets sweep Giants
WHILE the Discount Distributors Rockets celebrated with a three-game sweep of the New Providence Basketball Association men’s division one championship series, dethroning the Commonwealth Bank Giants, the division II series between the Sun Oil Rockets and the Your Essential Store (YES) Giants will go right down to the wire in the fifth and deciding game.
STATESIDE – Halfway through his first term: Biden and the immigration issue
US President Joe Biden is halfway through his first term in the nation’s top job. After an initial boost in favourable poll ratings and with TV and other media pundits, Biden began to slip, until earlier this year he achieved a dubious distinction when he sank “under water” with less than 50 percent approval ratings in the polls. Oddly, Donald Trump and “his” Supreme Court have rescued Biden twice.
STATESIDE: Messi makes and impact on Miami sports with a look at Mas Canosa’s impact on Cuban-US relations
WE all know about the close ties The Bahamas maintains with South Florida. It’s hardly a secret that the legal as well as the illegal commerce between us has over many decades proven to be enduring, necessary, lucrative and quite creative. Miami-Dade County has 30 “sister city” agreements with foreign municipalities around the world, including one with The Bahamas. And one of Miami’s two “friendship city” relationships is with Barcelona which might prove to be prophetic, as we will see.
STATESIDE: When – if ever – is it going to stop?
IS horrific gun violence in the US even newsworthy anymore? One can reasonably wonder what will be required for American legislators to enact meaningful gun control laws.
STATESIDE: Watching the election
FOR months, headlines have screamed out warnings that the future of American democracy was at stake in Tuesday’s elections.
STATESIDE: Trump just won’t go away and it may be Liz Cheney is the one to stop him trying again for the White House
There are serious people in the United States this morning who will tell you the future of democracy in America rests with Mitt Romney, Mitch McConnell and Liz Cheney.
Bahamians win medals, qualify for the NCAA Nationals
NCAA Track and Field moved into its conference championships across several divisions and Bahamian student athletes produced medal winning performances en route to qualifying for the upcoming NCAA National Championships.
STATESIDE: How long will it take for the US to recover the ground it’s lost in the eyes of the world?
“I feel sorry for Americans,” a lawmaker in Myanmar told The New York Times recently. From Berlin, another Times reporter wrote that events in the US were “shaking fundamental assumptions in Europe about American exceptionalism”.
STATESIDE: America’s had enough
THE man with the political death wish may have finally been granted that wish.
STATESIDE: Love him or loathe him, Trump’s far from beaten and could easily win a second term
What a mess. We’re just over four months away from a pivotal presidential election in the US - and what do we see?
STATESIDE: It’s not easy keeping pace with the polarization of American politics
GIVEN the choice, most of us would probably prefer a public figure or politician whose views are plain and consistent. That way, at least we know who and more importantly, what we are voting for. One of the most damaging criticisms of politicians in recent decades has been the charge of “flip-flopping,” especially in American elections.
Mystery over death of man, 84
POLICE are still unsure of the circumstances surrounding the mysterious death of an elderly man. The 84-year-old man of Lyford Cay was found unresponsive at a construction site at the Caves, West Bay Street around 5pm Wednesday.
Stingers dethrone Giants, 95-94
KEMSEY Sylvetre may have saved his best game in the postseason for the last as he helped the PJ’s Stingers dethrone the defending champions Commonwealth Bank Giants.
Court 'quashes' Commission probe into BISX firm's broker
The Securities Commission is appealing a court verdict that “quashed” its bid to assess the solvency of a BISX-listed company’s broker/dealer affiliate, which is embroiled in an ongoing $340 million fraud probe.
Dorsett faces new hearing
FORMER Cabinet minister Kenred Dorsett is due to reappear in Magistrate’s Court today in connection with allegations that he used his former ministerial position to extort and solicit $120,000 in bribes from Jonathan Ash.
95 migrants repatriated
NEARLY 100 Haitian migrants were repatriated on Thursday.
GB Power raises reduced light bill estimate to 95%
Grand Bahama Power Company (GBPC) yesterday said it was “confident” that the number of residential customers set to experience reduced electricity bills in 2016 had increased to 95 per cent, with some in line for “close to 7 per cent” decreases.
GB and Abaco homes 'failed building code'
WORKS Minister Desmond Bannister said many homes in Abaco and Grand Bahama contravened the country’s building code before Dorian made landfall. “I have seen so many homes in Abaco and in Grand Bahama that did not meet requirements of the code either
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.
