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HUBERT EDWARDS: The low growth, high debt trap
In the first article we assessed some of the consequences from a high, and growing, national debt. With The Bahamas’ debt-to-GDP ratio expected to remain above 80 percent over the mid-term at least, the question that dominates is the extent to which this is sustainable.
Cases up - but no change in restrictions
DESPITE a recent increase in COVID-19 cases, Health and Wellness Minister Dr Michael Darville said the government is not at this time considering tightening measures.
New Providence or New Orleans?
I saw Twitter images of severe flooding throughout parts of New Providence over the weekend. I believe it was a meteorologist who told either The Nassau Guardian or The Tribune that the severe flooding caused by torrential rains was a hurricane drill for New Providence residents. As a resident of Grand Bahama who lived through Hurricanes Francis, Jeanne, Matthew and Dorian, I want Nassau residents to understand that the recent flooding in their communities is nothing compared to the flooding the aforementioned cyclones brought to our island.
New appointment for BCA president Greg Taylor
OVER the weekend, Bahamas Cricket Association president Greg Taylor was elected to serve on another regional body.
Junior National basketball team prepares for Puerto Rico
THE Bahamas Basketball Federation’s junior national basketball team is preparing to travel to Puerto Rico next month for the Centro Basket Under-15 Girls Tournament and according to coach Varel Davis, they will ensure that they have the best players selected.
FACE TO FACE: Inspiring others helps golf caddy Taneka Mackey stay on course
MEETING Taneka Mackey is an eye opener. She seems to shatter stereotypes all around her. You may think that because she’s a golfer and a professional caddy that she might be somewhat reserved. But Taneka is very down-to-earth with that raw, pure island girl quality in her mannerisms and lingo.
Fraudsters plunder $2m through bank’s blunder
A Bahamian financial institution’s “serious error and negligence” resulted in fraudsters plundering more than $2m from one of its client’s accounts, the Supreme Court has revealed.
PM renews assault on COVID food initiative
The Prime Minister yesterday renewed his assault on “astounding” deficiencies with the COVID-19 food assistance initiative even though a 138-page audit report produced no evidence of corruption, fraud or misappropriation of funds.
‘Lord knows’ Freeport requires tourism scale
An ex-tourism minister yesterday voiced optimism that the Grand Lucayan’s sale will be the “catalyst” that builds scale by luring other resort developers to Freeport, adding: “Lord knows Grand Bahama needs it.”
What Next for Cryptos?
ActivTrades
As the era of cheap money comes to an end, so do the conditions that propelled the price of Bitcoin and other crypto assets to the dizzying highs reached at the end of last year. At the time of writing, Bitcoin was trading just above $27,000, a drop of more than 60 percent from all-time maximum of almost $69,000 touched last November.
$10M IN FUNDING ‘VANISHED’: Prime Minister claims NGOs have not submitted accounts
PRIME Minister Philip “Brave” Davis said two non-governmental organisations have not submitted records to give an account of the combined more than $10m they received from the former Minnis administration under its national food programme.
Flooding shows need for insurance
Why does insurance coverage matter in this new Climate Change era? Unfortunately, flooding like what we had this weekend will be the norm rather than the exception. My useful advice to you is to make sure to take the opportunity to call anyone of the insurance companies within The Bahamas if you need any hurricane insurance (Life, Home, Auto, Marine, Business, Aviation, etc...). Most experts predict that this upcoming hurricane season will be another active one. I know that hurricane and homeowners’ insurance are expensive, but I beg you to consider the alternative.
Murder suspect faces court
A MAN, charged with the murder of Enrico Deal, was remanded to prison by a Magistrate’s Court yesterday.
Back with a win as Isaacs Jr rejoins New Jersey Jackals
TODD Isaacs Jr returned to the New Jersey Jackals for his second season with the club in the Frontier League and helped the team to a series opening win to begin their 25th campaign as a franchise.
What future for little-used Ayton?
DEANDRE Ayton played sparingly in his Phoenix Suns’ worst playoff loss in franchise history which prompted many to revisit a lingering and unresolved contract negotiation between the team and its former no.1 overall pick.
Ayton and Suns eliminated
PHOENIX (AP) — Luka Doncic scored 35 points, Spencer Dinwiddie added 30 and the Dallas Mavericks stunned the top-seeded Phoenix Suns with a 123-90 Game 7 blowout last night, advancing to the Western Conference finals for the first time since 2011.
Armando Moss qualifies for triathlon ahead of the Commonwealth Games
A RAINY weekend in New Providence held up just long enough for the Bahamas Triathlon Association to crown new champions in the return of its National Championships which served as both a CARIFTA and Commonwealth Games qualifier.
Men’s national basketball team players take spotlight
POSTSEASON basketball continues for several Bahamian senior men’s national team players in their respective leagues throughout Europe and South America.
DIANE PHILLIPS: Cars, cars and more cars
THERE are 145,000 registered vehicles, give or take a few, in The Bahamas, 90% of them likely on an island that measures 21x7 miles. The only thing we might have more of in terms of numbers is cellphones, but then there is one big difference. Just about everyone knows how to use a cellphone.
Deliverance from a terrible catastrophe
MARK Twain wrote a story called “The Great Catastrophe”. It concerns a group of people who get trapped in a tragic situation. They are doomed to die. They have no way to escape. They are, indeed, on the verge of a terrible catastrophe.
