Bahamas Government is Fiscally Irresponsible

The Tribune Business recently featured Mr. Zhivago Laing’s position on the Moody’s Investor Services Report on the debt level of The Bahamas.Many of Mr. Laing’s comments are correct and perhaps the Government may now be thinking about taking...

Does the National Insurance Board Benefit The Bahamas?

“In the narrowest of senses, the National Insurance Board (NIB) has benefited some Bahamians. That is what is seen. What is unseen is the creation of false expectations that the money will be available for future retirees.”Sometimes the Public Relations...

Bahamas Borrowing $150,000,000 Each Month?

I sure hope I misread the news article recently that quoted the Prime Minister, Mr. Hubert Ingraham as saying his government was having to borrow $150 million a month to keep paying the country’s bills.These are difficult times for sure, but it’s not like...