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Timeless Gold
ActivTrades
THE fact that gold prices have been subdued over the past year must be one of the most counterintuitive financial market dynamics of recent times. The precious metal is known as a safe haven, and a hedge against rising inflation. We certainly have had plenty of both recently, so why are gold prices down by more than 15 percent in relation to the yearly maximum reached in March? The answer is relatively straightforward: Blame the US dollar.
Pintard calls for Sears to resign
FREE National Movement leader Michael Pintard on Friday called for Works and Utilities Minister Alfred Sears to resign, pointing to what he called a “failure of the government to act appropriately to reduce the cost of electricity”.
Rehabilitation of Offenders Committee has expunged 80 criminal records to date
THE Rehabilitation of Offenders Committee has to date expunged the criminal records of 80 people, some of whom were convicted for curfew violations during the height of the COVID-19 pandemic.
DIANE PHILLIPS: Open your eyes and see the beauty of foreign in all of us
ON a bright, sunny morning last week, the students, faculty and staff of LN Coakley Senior High in Exuma poured out of classrooms and gathered along the halls and in the courtyard, filling every available foot of open air.
Vendors voice disappointment after Grand Lucyan sale falls through
STRUGGLING straw vendors at Port Lucaya Marketplace are disappointed over the Grand Lucayan hotel sale fallout.
Correctional officers to receive training on how to manage mentally ill inmates
NATIONAL Security Minister Wayne Munroe said yesterday that officers at the Bahamas Department of Correctional Services who oversee mentally ill inmates will be receiving training on how to effectively manage them.
Recovering addict disappointed with Mental Health Bill
A RECOVERING addict recalled her troubled past with drugs, while urging the government to do more than pass legislation to assist people suffering from mental illnesses.
Watson defends govt’s response to FTX collapse
PRESS Secretary Clint Watson yesterday defended government’s response to FTX’s collapse, insisting that officials are communicating with the public as they get new information in relation to the embattled cryptocurrency exchange.
Gov’t investment chief: ‘We must regain people’s trust’
The Government’s investments chief yesterday admitted it has “a lot of work to do in regaining the trust of the Bahamian people” while revealing that some $660m worth of projects are on the drawing board for Long Island.
FTX’s Bahamas creditors unlikely to see full recovery
FTX’s newly-appointed chief executive yesterday asserted that corporate governance was non-existent at its Bahamian subsidiary, adding: “Never have I seen such a complete failure of controls in my 40-plus years.”
$250m cruise port: ‘We’ll help Long Island flourish’
The proposed $250m Long Island cruise port will handle up to 12,000 persons daily at full build-out, one of its principals revealed yesterday, adding: “Our goal is to help Long Island flourish.”
Long Island’s to airport is branded ‘a disgrace’
Long Island’s chief councillor yesterday branded the Deadman’s Cay airport “a disgrace and leaves much to be desired” as the lack of airlift and connectivity continues to undermine the island’s economic prospects.
BAHAMAS REBUTS FTX ACCESS CLAIMS: Securities Commission given lawful permission to transfer assets to ‘a safer space’
The Securities Commission last night debunked accusations the Government “directed unauthorised access” to FTX’s systems, and aided the withdrawal of digital assets, in violation of Bahamian and US court orders.
'Very encouraging’ first quarter fiscal performance
FINANCIAL Secretary Simon Wilson yesterday described the nation’s fiscal performance for the first quarter as “very encouraging”, saying while officials see no reason why this positive trajectory can’t continue, they must also remain cautious due to the possibility of a recession, among other factors.
Dorian housing alternatives ‘would have been a fraction of the cost’
DISASTER Reconstruction Authority Chairman Alex Storr said there were several options for temporary housing after Hurricane Dorian, adding that if there had been practical thought, the results would have the former government spending a “fraction” of the $4.6m it expended on domes in Abaco.
Albury and Greene lead Chipola to no.6 ranking
DEYTON Albury and Paul Greene have led Chipola to a no.6 national ranking while the Bahamian contingent at Northeast Community College continues to put up major numbers in their sophomore campaign.
Robinson wins Bahamas Professional Golf Association’s Korn Ferry Qualifier
BOOKS ANOTHER TRIP TO THE GREAT EXUMA CLASSIC
DEVAUGHN Robinson booked another trip to the Great Exuma Classic by winning the Bahamas Professional Golf Association’s Korn Ferry Qualifier by five strokes on Monday at the Ocean Club Golf Course on Paradise Island.
VIN numbers of stolen vehicles ‘being covered with false plates’
POLICE have noticed a trend regarding stolen vehicles where suspects are covering the original VIN number with a false plate, according to Commissioner of Police Clayton Fernander.
Mental Health Bill debated in House
MEMBERS of Parliament yesterday debated the Mental Health Bill, which, once enacted, will allow people suffering with mental illness to be better protected.
Deputy PM: Officials working on Downtown Revitalisation Project
TOURISM Minister Chester Cooper said yesterday officials are working actively on the Downtown Revitalisation Project as developments are on the way and some dilapidated structures have already been demolished.
