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DEIDRE BASTIAN: Beware the pitfalls of worker termination
Have you ever been terminated? Have you ever had to terminate anyone?
S&P slashes Bahamas ‘23 growth to just 1.1%
Standard & Poor’s (S&P) yesterday slashed its 2023 economic growth forecast for The Bahamas to just 1.1 percent despite giving the country a break on repeated annual creditworthiness downgrades.
FTX SPENT $300M ON PROPERTY BUYS: Court documents reveal valuation of real estate spree
A Bahamian realtor yesterday estimated that the collapsed FTX crypto currency exchange spent $250m and “probably more” on acquiring New Providence real estate, adding: “It was great while it lasted.”
Best-of-3 championship series to begin today
GOVERNMENT SECONDARY SCHOOLS SPORTS ASSOCIATION SOFTBALL & BASEBALL
The Government Secondary Schools Sports Association will begin its best-of-three softball and baseball championship series today at the Baillou Hills Sporting Complex, although there’s still some unfinished business to be completed before it all unfolds.
Ole Miss Rebels visit St Francis/ Joseph on fun-filled day off
AFTER winning their opening game of the Baha Mar Hoops Pink Flamingo Championship on Monday night at the Baha Mar resort, the University of Mississippi Rebels women’s basketball team had a fun day yesterday.
Denika scores winning basket
PLAYING in the second game of the Jackson EMC Thanksgiving Tournament at Jefferson, #9-ranked Tallulah Falls led for nearly the entire game before the host team mounted a big comeback.
Fourth annual Caribbean Baseball Cup is coming to The Bahamas
WITHIN days, the prestigious Caribbean Baseball Cup will stage its fourth annual competition on Bahamian soil, thanks to the Bahamas Baseball Association.
FACE TO FACE: ‘Godfather of the Flats’ committed to protecting our natural resources
LONG before climate change, conservation and sustainability became the popular catch phrases that they are today, Prescott Smith was out in the world sounding a clarion call to protect natural resources.
Manufacturer: 12-hour shift doesn’t break law
A Freeport manufacturer last night said just three maintenance staff “withdrew” their labour over a new 12-hour shift system implemented to support the company’s expansion.
Bahamas First ‘could not meet increased demand’
Bahamas First has been unable to meet new property insurance demand that “exceeded our expectations” despite securing additional reinsurance capacity for 2022 in a bid to generate growth.
McPhee-McCuin and Ole Miss Rebels top Flyers 63-50
It was a grand homecoming for coach Yolett McPhee- McCuin as her University of Mississippi Rebels ran away with their opening game of the Baha Mar Hoops Pink Flamingo Championship at the Baha Mar resort last night.
More than 60 boats expected in 5th Best of the Best Regatta
WITHOUT any major regatta to skipper to accumulate points this year, the Ministry of Agriculture, Marine Resources and Family Island Affairs has opened the field to include more than 60 boats to participate in the fifth Best of the Best Regatta.
Roy Wallace wins men’s title
BAHAMAS TABLE TENNIS FEDERATION’S NATIONAL CHAMPIONSHIPS
ROY Wallace outlasted Amol Pendharkar to win the men’s title of the Bahamas Table Tennis Federation’s National Championships at the AF Adderley Gymnasium on Saturday.
BOB chief: Bahamas ‘long way from default’
Bank of The Bahamas’ top executive says the country is “a long way away from a debt default” even though constant sovereign downgrades are “taking their toll” on the banking industry and wider economy.
Golden Eagles vs Bruins in Battle 4 Atlantis finale
The championship game for the 2022 Women’s Battle 4 Atlantis will feature a pair of undefeated teams and a tournament filled with upsets sets the stage for an exciting finish this afternoon at the Atlantis resort’s Imperial Arena.
NPBA opening night: Rockets and Giants victorious
ON opening night when they didn’t receive their New Providence Basketball Association men’s championship rings, the Discount Distributors Rockets took their frustration out on the runners-up Commonwealth Bank Giants.
UCF wins Bahamas Championship
THE Central Florida Knights began 10 days of NCAA Division I basketball at the Baha Mar Convention Centre by winning the “Bahamas Championship” tournament title. The Knights defeated the Santa Clara Broncos 57-50 last night in the finale.
Insurer: Hurricane season end ‘can’t be soon enough’
A TOP Bahamian insurance executive says the official end to the 2022 hurricane season “can’t come soon enough” given that Hurricane Ian will further “tie our hands” on premium prices for local consumers.
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.
