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Sunday, September 23, 2012
ELECTIONS IN VENEZUELA ... ...Future of the Bolivarian homeland
Thursday, September 20, 2012
The young Bahamians who are demoralized by the dysfunction of the modern Bahamas ...should examine Paul Adderley’s service over the years... ...If you want your country to change, offer yourselves ...and make the change happen
The death of an intellectual
Nassau, The Bahamas
Paul Adderley was an attorney, lawmaker, politician and thinker. You might not always agree with him, but having an argument with the former attorney general required thought and intellectual skill.
Adderley died at hospital yesterday at 84. He held various posts in the Pindling Cabinets during his long time in public life. He served as minister of national security, minister of education, minister of foreign affairs and minister of finance. He was attorney general for 17 years.
Prime Minister Perry Christie yesterday described Adderley as the architect of the country’s foreign policy in the early years after independence.
Adderley was from a prominent family and his story was not the poor to prominence story many of the black elite tell today. His father A.F. Adderley was a well-to-do lawyer in The Bahamas at a time when blacks were not a part of that order. Paul Adderley was the fourth consecutive generation of his family to serve in the Bahamian legislature, having been preceded by his father and before that by his grandfather Wilfred Parliament Adderley; and before that by his great granduncle, William Campbell Adderley.
Adderley did not have to give himself to public service. He could have just lived the good life as many who inherit wealth and status do in The Bahamas. Yet, he joined the fight of his generation for the self-determination of these islands.
As a parliamentarian from 1962 to 1967 and then from 1972 to 1997, Adderley helped shape the laws of our country and our legal system. This willingness and desire to offer for service must not be downplayed – especially for a man who came from a privileged background. People make nations great. And it is the kind of commitment demonstrated by men like Adderley that helped transform The Bahamas from being a mere colony to an independent nation state.
As a long-serving member of the Progressive Liberal Party (PLP), Adderley saw the good and the bad of his party. The PLP is the party of majority rule and independence. It is also the party that by the 1980s was so mired in drug-related scandal that the reputation of The Bahamas internationally was poor.
Some PLPs of that era had to resign in shame. Some were prosecuted. Some were sidelined. Adderley, however, left politics with his reputation intact.
“I can attest that the 1980s proved particularly challenging for Mr. Adderley as he strove to serve a government with which he was often at odds,” former Prime Minister Hubert Ingraham said yesterday in tribute.
“It was a time of turmoil for many in our country as we were confronted not only by the threats presented by the illicit international drugs trade, but also by the vigorous demands of the United States government in response to drug trafficking.
“I shall never forget Mr. Adderley’s support and encouragement of me during that difficult period. Notwithstanding that we eventually followed different political paths, my respect for the integrity which typified his public life and his commitment to preserving our democracy remains.”
In the 2002 to 2007 period, Adderley was one of the key advisors to Christie. Christie remembered him with fondness yesterday.
“Mr. Adderley was a man of extraordinary intellectual brilliance,” he said in a statement.
“Indeed, it is quite impossible to overstate the importance of his many and varied contributions to the development of our nation.”
Adderley will be buried in a state funeral. His contributions to nation building will be remembered over the weeks to come. The young who are demoralized by the dysfunction of the modern Bahamas should examine Adderley’s service over the years. If you want your country to change, offer yourselves and make the change happen.
Sep 20, 2012
Wednesday, September 19, 2012
The war in Afghanistan... ...An issue virtually absent from U.S. presidential campaigns
By Enrique Román
Saturday, September 15, 2012
The Oil Drilling Referendum in The Bahamas ...and Pontius Pilate
Tribune242
Nassau, The Bahamas
ALREADY they are discussing how to share the oil wealth, even before the first vein of oil has been discovered to make the discussion relevant.
Abortion in Venezuela... ...In Venezuela, more people are opposed to abortion than they are to violence in a relationship
By Tamara Pearson
Abortion is “pre-natal murder”, “taking the life of an innocent and defenceless human being”; with the quality of the life of the pregnant woman rarely part of the discussion. This is despite the fact that while 90% of Venezuelans in a GIS XXI March 2011 survey said they were “believers”, only a small proportion are regular church goers and many Venezuelans reject the Pope and the largely opposition role played by the Church here.
Tuesday, September 11, 2012
Bishop Cedric Moss, pastor of Kingdom Life Church questions the integrity of any religious body in The Bahamas which supports the ministry of mega-church senior pastor Eddie Long ...who is hosting the Spirit and Truth Conference at the Atlantis Resort... ...Bishop Moss further said: ...by all indications - Eddie Long should not be considered a pastor ...considering his “checkered past.”
By KHRISNA VIRGIL
A LOCAL clergyman yesterday questioned the integrity of any religious body supporting the ministry of mega-church senior pastor Eddie Long who is hosting the Spirit and Truth Conference at the Atlantis Resort today.
Monday, September 10, 2012
Moody’s - a top rating agency says: ...it remains "unclear" whether The Bahamas' economic recovery can be sustained ...due to its dependence on the U.S. economy
Moody’s: The Bahamas Deficit expected to ‘accelerate’
Jeffrey Todd
Guardian Business Editor
jeffrey@nasguard.com
Nassau, The Bahamas
A top rating agency says it remains "unclear" whether the country's economic recovery can be sustained due to its dependence on the U.S. economy.
According to the latest credit opinion from Moody's, tourism arrivals and occupancy rates have improved in 2012. The assessment has indeed been confirmed by top government officials in recent weeks. However, revenues lag behind pre-recession levels, Moody's explained, depressed by competition from other Caribbean markets and weak growth in the U.S.
Stuart Bowe, the president of the Bahamas Hotel Association (BHA), noted in its last report that daily room rates continues to fall. Promotional investments and airfare offers have become increasingly common among tourism stakeholders. Although it brings people into the country, the approach has revenue implications.
As first revealed by Guardian Business, the Ministry of Tourism is rolling out a $6 million air credit program that will last all the way until the first quarter of 2013.
"Given increased economic uncertainties currently facing the U.S. - the Bahamas' major tourism market - it is unclear whether the economic recovery will be sustainable," the report said.
Analysts reported that the country’s financial deficit continues to widen, financed primary by short-term domestic borrowing.
"We expect this pace to accelerate as the government increases capital spending to support several resort developments and social spending on programs such as the mortgage support plan," Moody's explained. "Foreign currency debt, which accounts for 56 percent of total government debt, is on the rise as well, albeit at a slower pace."
That said, Moody's noted that the economy is on track to achieve growth of 2.5 percent in 2012, a fact recently confirmed by Michael Halkitis, the state minister of finance. The modest growth is being driven by "a modest recovery in the high value-added tourism sub-sector, public sector investment in construction, and foreign direct investment in the tourism sector".
Credit growth, however, has remained "relatively flat", according to Moody's, and the unemployment rate still hovers beyond 15 percent.
The rating agency noted the recent strides by the government to revisit the issue of taxation.
That development is welcomed by Moody's. Back in May, the rating agency felt increased spending was not being properly matched by new revenues. The introduction of a value-added tax, for example, would bring The Bahamas in line with a number of other countries in the region and promote revenue stability.
The comments from Moody's follow a recent statement to Guardian Business by the International Monetary Fund (IMF) in Trinidad and Tobago. Caribbean leaders convened in Port of Spain to discuss rising Caribbean debt and limited prospects for growth.
For The Bahamas, mission chief for the IMF Gene Leon confirmed that the troublesome debt-to-GDP ratio of the biggest problem facing the country's fiscal future. He confirmed that the organization has provided debt management consultation services in the lead up to its visit in October.
Including its continent liabilities among public corporations, he said the debt-to-GDP ratio had fallen into the "gray zone" of above 60 percent.
Sep 10, 2012