Wednesday, December 30, 2020
Friday, November 27, 2020
Bahamians are clearly opposed to oil drilling in the Bahama Islands - and are not willing to accept the risks associated with an oil industry in The Bahamas
BNT Says No to Oil Drilling And Chooses Our Oceans
Since the release of its last statement on proposed oil exploration in The Bahamas, The Bahamas National Trust (BNT) has closely followed the national and international discussion on this issue. A growing number of Bahamians are clearly opposed to and not willing to accept the risks associated with an oil industry in The Bahamas. The prevailing view is there is simply too much at stake.
Tuesday, August 25, 2020
Saturday, August 1, 2020
The Colonial Mentality Throughout the Caribbean Diaspora - has Created a System of Political Clientelism
Emancipated Day! "But today we are Mentally and Economically - Slaves"
Are you going to deprive these children of their opportunities? Most of the children are wearing masks but the state sees fit to harass them, and this is what we call “the people’s time”?
And whilst we are experiencing an increase in the Covid-19 pandemic, a lot of Bahamians are going to bed very hungry, unable to find jobs, can’t pay their light bills, or even their landlords.
There is no thinking system, whilst the elite benefit. What we have inherited on this incredible Emancipation Day is a form of economic and mental slavery.
There’s a form of application for the common man and woman that is unprecedented at this time. There is no care of the church to the politicians.
I must compliment one man who is doing a remarkable job in feeding thousands of Bahamian people, Philip Smith and other individuals who are taking matters into their own hands.
We don’t have millions of people. Why is not every Bahamian being tested?
We have the data to deal with this crisis. Emancipation means responsibility and our government has abdicated their responsibility.
They are governed by ego and emasculation “I’m in charge, I am the boss”. This is a very symbolic emancipation, we need the Marcus Garvey’s, the Sir Lynden’s we need the Michael Manly’s to count the chains that hold us, and to remind us that it was only yesterday that our great grandparents were slaves.
Saturday, June 27, 2020
I have condemned the ratings agencies as corrupt and unfair:
I won’t change tune now!
The rating agencies aided in the near destruction of the global financial system in 2008; and shew themselves interested in money rather than clear crisp accurate analysis of the credit statuses for which they claimed expertise.
I have argued that we should rate ourselves according to the same mathematical and statistical benchmarks, determining for ourselves our financial and economic health and our prospects.
Alas, in the Caribbean and Africa we have no credibility on this front:
When Moody’s or the S&P gives us a favourable rating, we treat it like its front-room flowers.
When they call us frowsy, we say we know ourselves better with no evidence.
The fact is our situation is frowsy at the moment and has been so for sometime...that is because:
1. Our governments mistake government’s finances for the economy, and speak of the health of the fiscal state without due regard to the economic realities; particularly the ‘misery index’.
2. We have failed to innovate away from our one-legged plantation economic model, which requires hardly even a pulse to fashion or manage and is susceptible to even mild exogenous shocks, toward 21st century decentralised systems.
3. We seem clueless about the economics of the PEG, and are prioritising constantly away from the PEG and so away from the more efficient means of feeding the PEG - so the National Reserves - which is the ONLY means to broaden the capacity for economic growth. I emphasise: IT IS THE ONLY MEANS TO BROADEN THE CAPACITY FOR ECONOMIC GROWTH!
4. Our government’s focus has been constantly lusting after an even larger share of GDP through further regressive taxation; despite failing to collect taxes currently on the books!
5. We have failed to innovate toward a system in which investing in and through Bahamians becomes a driver of economic expansion.
6. Our government systems are sclerotic and nations that arose from nothing 20-years AFTER our independence, surpassed us 20 years ago from nothing to world leaders; as we make the same excuses we made 40 years ago.
I am on reactors on January 20th 2020, here in in other spaces Zoom Conference and the like, in urging government to borrow large...because the crisis would extend beyond 2020.
We did not follow that proscription!
At the moment, the Bahamas are at a precipice...and whilst Dorian and Covid 19 have driven economic prospects to some degree, our current situation arises from our own failures to have been proper stewards of the largess of these islands.
Saturday, May 16, 2020
Since 1998, I worked with Pierre Darier directly (as Chairman of Darier Hentsch...now Lombard Odier; and at the Swiss Private Banker’s Association), with a notable Swiss industrialist. My role: to provide the intellectual counter-narrative to the OECD/EU’s wilful demonisation of IFCs; culminating in convincing US Secretary of Treasury, Hon. Paul O’Neill (together with others) to REJECT the OECD’s “Harmful Tax Competition Initiative; which he did did May 2001, and he and I explained the rationale in joint articles in Tax Notes International journal that same month.
In years intervening IFCs have grown punch-drunk from the OECD/EU’s goalpost moving fiats, constantly exempting their members; most notably the US (which has 7 actual tax havens) for the reason (which Prof. Jason Sharman detailed in writing) that the US pays the lion’s share of the OECD’s bill.
Let’s speak plainly: The OECD is NOT an international organisation recognised in international law; the FATF LESS SO. They have no legitimacy to call on sovereign states or constitutional territories.
The EU has acted OUTSIDE the multilateral system issuing fiats of no validity or legitimacy under the Vienna Convention on Treaties 1969.
Reject their Blacklist WITHOUT engagement!
Friday, May 15, 2020
There are new spikes in cases with children!
COVID 19 WILL BE WITH US FOREVER!
“A pandemic is not about ideas or even medicine. Speculative approaches won’t do: Every habit of hubris, decision-stupidity or presumption ends in tragedy.
The best national responses have been Taiwan, New Zealand, Senegal, South Korea, Iceland, Japan, Dubai, Estonia and Singapore. Their approaches confirmed the need for mathematical skills, a game theoretical sensibility and empathy.
A pandemic is about interstitial demographics; dynamics of cascading, data gathering and analytics; exponentiality statistics and avoiding utilitarian triage.
Bubonic plague rose in 1347. We know now it was just the Justinian Plague of the 5th century AD. It killed 50% of known civilisation, wrecked the feudal system and invented the “Job” (yes I mean employment. So many people died, peasants were able to bargain for compensation).
The pestilence terrorised Europe for 200 years, evolving into the “Black Death”.
There were 1000 Bubonic Plague cases in the 20th century - that we know of - nearly 700 years later. There were 3 Bubonic deaths in the US in 2019!
Covid 19 will be with us forever.” -
Professor Gilbert Morris on ZNS TV Bahamas