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FTX’s Bahamian customers financed SBF’s $546m deal
FTX’s Bahamian subsidiary, and its customers/investors, were yesterday said to have unwittingly helped finance a $546m investment by Sam Bankman-Fried that has now been seized by US federal authorities.
‘NPBA action is fantastic’
University of the Bahamas Mingoes open new year with big victories
WITH the return of the New Providence Basketball Association action at the AF Adderley Gymnasium, the University of the Bahamas Mingoes and the Rockets opened the new year with big victories.
FRONT PORCH – Majority Rule: A shared celebration
THE LATE Roman Catholic Vicar General Monsignor Preston Moss grew up a stone’s throw away from the top of the hill East Street, not far from Mortimer Candy Kitchen.
‘Settle down’ before tax crackdown tie-in
The Government should allow the corporate real estate market to “settle down” before seeking to tie Business Licence renewals to property tax compliance by commercial landlords, a prominent realtor argued yesterday.
COVID non-factor: Winter tourism season up 10-15%
Forward bookings for The Bahamas’ peak winter tourism season are 10-15 percent ahead of 2022 numbers, a leading hotelier disclosed yesterday, with the industry “satisfied” there will be no return to past COVID restrictions.
Towing fare increase could heighten risks
Automotive repair shops yesterday voiced concern that the 67 percent, or two-thirds increase, in standard towing fees could prompt Bahamians to take more risky measures to move broken down vehicles.
McKay Jr and Saints on a roll
AFTER some good Bahamian cooked meals and some quality time with family and friends, Gregory McKay Jr returned to Limestone University and helped the Saints men’s basketball team to two straight victories.
Platinum Knights march to GB victory
PLATINUM Knights captured its fifth consecutive win in the New Year’s Day Junkanoo Parade in Grand Bahama, dominating with a lead of more than 130 points ahead of rival Superstar Rockers.
Minister urges gas retailers not to rush to lay off staff
LABOUR Minister Keith Bell yesterday urged gas retailers to exercise restraint and “not to be swift to any sort of action” amid warnings about potential layoffs in the sector as costs rise.
Towing prices up – but businesses say it stops job cuts
TOWING businesses said although the recent price rise in towing services may deter some customers, it ultimately benefits business by preventing downsizing of staff.
16-year-old killed in two-car collision
THE COUNTRY recorded its first traffic fatality for 2023 after a 16-year-old male died in a traffic accident in the capital on Monday.
Minister: No ‘sweeping lay-offs’ from minimum wage increase
A Cabinet minister yesterday voiced confidence “there won’t be sweeping lay-offs” as a result of the 24 percent minimum wage increase despite previous warnings by petroleum retailers that they ma be forced to terminate staff.
Gas stations to ‘manage’ minimum wage increase
Petroleum retailers yesterday the minimum wage increase was something they “all have to manage” as they continue to push for a change to the industry’s fixed-margin business model.
Canary in a coal mine
ALARMING GLOBAL FALL IN SPERM NUMBERS
IN THE 1900s, British coal miners were exposed to carbon monoxide and other lethal toxic gases. John Scott Haldane and his research on carbon monoxide would in that age provide a solution of using canaries, as early indicators of trouble prompting the miners to evacuate.
A massive U-turn in China
ActivTrades
Having maintained a strict zero- COVID policy for almost three years, the Chinese government had become a prisoner of it. The strategy was designed to address the low vaccination rates of the elderly population (80 million people aged 80+ years are not vaccinated and 44% of the population did not receive the third dose, this percentage rising to 60% among people aged 80+ years). And, although studies in Hong Kong comparing CoronaVac with BioNTech’s vaccine have not been conclusive, the Chinese government did not seem to have much confidence in the degree of immunity provided by their own vaccines.
PM priorities include jobs, youth and inflation
THE government’s top priorities for this year will include tackling inflation, creating more job opportunities for Bahamians and fostering youth empowerment, Prime Minister Phillip Davis said yesterday.
C I Gibson Rattlers win senior boys’ title
It went right down to the wire as the CI Gibson Rattlers prevailed with the senior boys’ title over the Jordan Prince Williams Falcons in a nail-biting championship game that brought the curtain down on the Providence Storm Basketball Club’s 2022 Holiday Classic at the CI Gibson Gymnasium.
Man admits attacking woman, damaging her phone
A MAN was placed on six months' probation on Friday after admitting attacking a woman and damaging her phone.
PROVIDENCE STORM BASKETBALL HOLIDAY CLASSIC: Championship Day
The Providence Storm Basketball Club’s 2022 Holiday Classic will come down to one final day of competition today when the champions will be decided in the senior boys and girls and junior girls divisions at the CI Gibson Gymnasium.
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.
