Topic: economy

3 years ago

Is Baha Mar A Foolish Investment?

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Is Baha Mar A Foolish Investment?

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.

3 years ago

Moody’s Lowers Bahamas Credit Rating

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Moody’s Lowers Bahamas Credit Rating

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.

3 years ago

COB & PHA Budget Misrepresentations

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COB & PHA Budget Misrepresentations

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.

3 years ago

IDB: VAT Delay Raises Downgrade Risk

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IDB: VAT Delay Raises Downgrade Risk

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.

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