Long Island’s economy is “dying a slow death” due to a lack of airlift and the absence of an international airport, according to a local attorney.
Virtually every serious study that has ever been done of the economic impacts of casinos shows that their costs far exceed their benefits and that they are a poor use of precious land.
The Bahamas’ sovereign credit rating was yesterday cut to just two notches above “junk” status, as a leading Wall Street agency reacted to this nation’s “subdued economic growth” and continued fiscal weakness.
Pam Burnside, owner of Doongalik Studios Art Gallery was recently invited to make a presentation on the growth of the Bahamian Visual Arts at the Creatives of the Caribbean Arts Festival based on the topic: “Fostering Economic and Commercial Viability of the Caribbean Creative Economy”.
An excellent read by Ralph Massey – an economist-turn-businessman’s view of what happened to America in his lifetime…that is between the Depressions of 1929 and 2007.
Today, is my first column back after a brief sabbatical and one notes that so much has transpired over that…
With Financial Secretary John Rolle confirming that the VAT rate will increase “in the not too distant future”, it appears the implementation of VAT at 7.5% was only the thin end of the wedge so to speak.
I begin by highlighting that the government has cut $3.2 million from COB’s allocation in the 2014/2015 budget, bringing the total cut from higher education at COB over two budget years to over $6.7 million.
The IDB says that The Bahamas has “furthered worsened its potential” to be subject to a downgrade of its credit rating by international agencies as a result of pushing back the implementation date for VAT.