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DNA calls for full probe of elected officials’ assets

DNA Leader Branville McCartney yesterday called for an investigation into the assets of all past and present officials elected to public office, including prime ministers.

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Bahamas 400m trio reach world semi-finals, Ferguson misses out in women's 100m

ALL three Bahamian competitors advanced from the first round of the highly competitive men's 400m at the IAAF World Championships on Sunday, but sprinter Sheniqua 'Q' Ferguson missed out on her opportunity to progress in an even more exciting women's 100m.

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Bahamas athletes settled and ready to compete

TEAM Bahamas is all set to begin competition at the 15th IAAF World Championships with Jeffrey Gibson first out of the blocks in the heats of the men’s 400 metres hurdles on Saturday.

Consolidated leaks 18% bulk water revenues in second quarter

BULK Water revenues by BISX-listed Consolidated Water for the second quarter of 2015 fell by 18 per cent compared to the same period the previous year, led by a $1.2 million revenue decrease from its Bahamian operations.

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YOUNG MAN'S VIEW: The Bahamas needs a real national development plan

AS unemployment continues to inch upwards and the educational system continues to subsist in crisis mode, there is a clear and present need for societal and long-term reforms of education, social services, the financial sector, the economy and the judicial system. Frankly, there is a critical need for a sustainable national development plan.

Gov’t ‘definitely’ beat first $150m VAT goal

Value-Added Tax (VAT) “definitely” generated more than the $150 million net revenue increase targeted for the 2015 first half, a top official yesterday revealing that June’s compliance rates matched those for the first quarter.

Time to build state-of-the-art motorsports circuit with FIA

WITH the progression of the EduKarting series, the attention drawn by Bahamas Speedweek Revival, enthusiasts of the sport suggest it is now time to make good on plans to construct a state-of-the-art motorsports circuit in conjunction with the Federation Internationale de l’Automobile (FIA), world motorsport’s governing body.

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Gardiner, Gibson in winning form heading to IAAF Worlds

JEFFERY Gibson, shaking off his disappointing anchor leg on the men’s 4 x 400 metre relay at the Pan Am Games, and Steven Gardiner, continuing his red hot season, showed that they are still in great form and eager to head to Beijing, China, for the IAAF World Championships later this month.

PM praises Hawksbill Creek Committee

PRIME Minister Perry Christie has praised the Hawksbill Creek Review Committee for “an excellent job” and providing recommendations to aid his government in its deliberation and negotiations to stimulate Grand Bahama’s economy.

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YOUNG MAN'S VIEW: Junkanoo Carnival was handled disastrously

THE Bahamas Junkanoo Carnival has evolved into one of the most disgraceful shams we have seen thus far for the year.

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Carnival reveals ‘significant’ revenue shortfall

THE Christie Administration failed to secure a return on its $11m investment in May’s highly touted Bahamas Junkanoo Carnival, according to the official statistics of the event released by the Bahamas National Festival Commission yesterday.

Carnival chief stands by $50m GDP impact

Bahamas Junkanoo Carnival’s chairman yesterday stood by his projection that the inaugural festival increased Bahamian gross domestic product (GDP) more than $50 million, with the event having a direct economic impact of $19 million.

IMF urges Mortgage Relief Plan ‘successor’

The International Monetary Fund (IMF) has urged the Government to abandon its proposed Mortgage Relief Plan and instead create a “specialised agency” to tackle the Bahamas’ bad loan crisis, with private sector credit having dropped to 2009 levels.

IMF ‘discourages’ foreign currency borrowing to boost reserves

The International Monetary Fund (IMF) has urged the Government to stop borrowing in international currency simply to boost the external reserves, which at $839 million at end-March were “low” and below the ‘three months’ worth of imports’ benchmark.

IMF raises ‘jobless cut’ growth to 7%

The International Monetary Fund (IMF) yesterday upped the average five-year GDP growth rate that the Bahamas needs to both absorb new workforce entrants, and slash the existing jobless rate in half, from 5 per cent to 7 per cent as it urged this nation to rapidly tackle “structural impediments”.

Albury says VAT is part of a ‘trifecta’ depressing car sales

CONSUMERS are now beginning to feel the true impact of Value-Added Tax (VAT) on the cost of living, a local businessman said yesterday.

QC ‘terrified’ by Freeport tax grab

An outspoken QC has been “terrified” by what he perceives as the Government’s planned Freeport ‘tax grab’, forcing him to launch a second Judicial Review challenge to its ongoing Hawksbill Creek Agreement (HCA) assessment.

The Hawksbill agreement - and its importance to Grand Bahama

FREEPORT would not be in existence without the Hawksbill Creek Agreement, which has given rise to major infrastructural and investment developments on the island of Grand Bahama.

Problems facing Baha Mar

I recently posted an item on my blog, unfortunately contributing to the unnecessary discussion of Baha Mar’s completion woes. The purpose was to point out that comments in the public realm (and some in the media) have been contributing to the mis-education of the public. The common view seems to be that the contractor has left the site with the project unfinished, and with defective infrastructure and finishes.

Way of the Albatross

Long ago, in the distant past, there lived a fabled bird - the Albatross. That magnificent winged creation of Yahweh was rumoured to be capable of flying across oceans, real and imaginary, without nourishment or rest. Alas, after serving whatever role that was allotted, the Albatross has now been relegated to the ranks of extinct.