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Nassau N.P. Bahamas
Human Action...Not Political Design
Interests: Reading, Economics, Jogging,
Recent Activity
John Issa, the astute Jamaican hotelier of the Breezes chain, has written his umpteenth column of acute criticism about downtown’s dilapidation. While fully accepting the Chinese renovation of the western segment with the completed parking structure and the Pointe in progress, he will not let us forget that the much... Continue reading
Posted 5 days ago at
Dear Editor, Since the recent resurgence of conch poisoning I have been observing the government’s response, or lack thereof, to the possibility of sewerage pollution in the harbour. Aside from the Minister of Health’s assertion that washing conchs in fresh water will wash away the virus, the silence has been... Continue reading
Posted 6 days ago at
In this recent Letter to The Editor of The Tribune the writer, whomever, he or she might be, raised some interesting ideas from he 1970's. It also raised some introspection from Patricia Glinton-Meicholas here... Unfortunately neither article included a link to Forgotten Dreams: A people's desire to chart their own... Continue reading
Posted 7 days ago at
by Dr. Donald M. McCartney DM The Bahamas, at the dawning of 1967, was once the hope of and envy of the Caribbean. This raises the essential question: What kind of hope? This hope, more than the hope of material prosperity, although that was part of it; and more than... Continue reading
Posted Aug 7, 2018 at
Every time I re-read a Thomas Sowell book I find more pearls of wisdom that are relative to our Bahamas. Here are a couple snippets from Chapter 5 on Culture and Economics: "For different nations around the world to all have even approximately similar incomes or wealth, despite their great... Continue reading
Posted Aug 5, 2018 at
By Richard Coulson For government of any nation, delivering the mail is a prime duty, right up there with maintaining domestic public order and protecting national borders. But its function marked by tedium, requiring thousands of routine transactions that must be completed every day, by hand or computer, without glamour... Continue reading
Posted Aug 3, 2018 at
"Government prepared to buy Grand Lucayan Hotel" While the Grand Lucayan hotel is the heart of the Grand Bahama economy right now under no circumstances should the government purchase it. The long and sordid history of the Hotel Corporation loses in owning hotels should stand a lesson in abject failure... Continue reading
Posted Aug 2, 2018 at
EDITOR, Re: Vacation Rentals avoid VAT embrace – for now. Tribune Business 26th July. Just reading the headline took me quickly back to my early school days, where the system of reward, for a good homework assignment, might be a little sticky star, in one of the typical colours of... Continue reading
Posted Aug 1, 2018 at
by Richard Coulson Government is holding a sound investment worth at least $70 million - its 51.75 percent equity stake in ALIV, acquired in early 2016 as part of ALIV’s initial capital funding. The only question is when and how to realise cash on a sale of this stake. The... Continue reading
Posted Jul 31, 2018 at
Metaphors work sometimes, but as Jeff Jacob explains in his recent Boston Globe piece, problems come "... from thinking of trade as metaphorical warfare — as an economic struggle pitting nation against nation." Nations don't trade. People do. As Jacoby aptly reminds us: "By doing business together, traders create wealth... Continue reading
Posted Jul 30, 2018 at
by Richard Coulson NO one can tell how many investors hold, directly or indirectly, an equity position in this BISX-listed company, but they all must have a headache after a quick glance at its recently published financial statements for the year 2017. Only 67 records appear on the shareholder register,... Continue reading
Posted Jul 29, 2018 at
Listen and buy it here... Continue reading
Posted Jul 26, 2018 at
Original article posted at The Nassau Institute here... First of all I would like to congratulate Dr. Strachan and the other organisers for your initiative to have a frank discussion on tax policy. I’m not sure this has happened before. Second, thanks are in order for inviting The Nassau Institute... Continue reading
Posted Jul 25, 2018 at
by John Tierney "The danger from the Left does not arise from stupidity or dishonesty; those failings are bipartisan. Some surveys show that Republicans, particularly libertarians, are more scientifically literate than Democrats, but there’s plenty of ignorance all around. Both sides cherry-pick research and misrepresent evidence to support their agendas.... Continue reading
Posted Jul 24, 2018 at
From "Magatte Wade was born in Senegal but spent much of her childhood in France. Growing up, she saw the extreme differences in wealth between Africa and Europe. This disparity sparked a question... Why are some countries rich, and others poor? "As she discovered the answer, Magatte was inspired... Continue reading
Posted Jul 22, 2018 at
In South Africa on Tuesday, Obama spoke about our “strange and uncertain times.” by Jon Miltimore This article was originally published on Read the original article. Progressives have been lamenting the absence of Barack Obama. The former president has been largely absent from the political arena since President Trump’s... Continue reading
Posted Jul 20, 2018 at
Back in 1983 debate was raging in the US about giving more money to the IMF to bail out more "failing countries". Or were the funds to be used to bail out banks that had lent money to these "failing countries"? Whatever the case it wasn't a good idea and... Continue reading
Posted Jul 19, 2018 at
America still suffers from a pervasive and serious national deficit of clear thinking and elementary understanding of trade. by Mark J. Perry This article was originally published on Read the original article. Between 1966 and 1983, Milton Friedman (pictured above at the American Enterprise Institute in the 1970s) wrote... Continue reading
Posted Jul 17, 2018 at
These numbers always blow me away. If anyone has GDP numbers form 1974 to 1996 I would be grateful if you would send them my way to help complete the chart. Download a copy Public Finances of the Bahamas Table 1974 - 2017 in Excel here... Continue reading
Posted Jul 15, 2018 at
On Sir Roland Symonette being awarded the Bahamian Order of National Hero award along with former Prime Minister the late Sir Lynden Pindling, former Governor General the late Sir Milo Butler and former Free National Movement Leader the late Sir Cecil Wallace-Whitfield the PLP went into a full frontal assault.... Continue reading
Posted Jul 14, 2018 at
I keep forgetting how much I enjoy CATO UNBOUND and their May 2018 series is simply another standout. In May CATO UNBOUND "invited four experts to discuss the so-called “success sequence,” and the strengths and weaknesses of this idea as a way of thinking about poverty. Cato’s own Michael D.... Continue reading
Posted Jul 13, 2018 at
The book is an extended lesson in what happens when we focus only on what we see. by Art Carden This article was originally published on Read the original article. The search for the Great American Novel should have ended in 1957 when a Russian immigrant named Ayn Rand... Continue reading
Posted Jul 12, 2018 at
Pessimism was the norm for most of human history. By Marian L. Tupy and Paul Meany @HumanProgress More articles from HumanProgress here... Today, progress has been so consistent that it can seem inevitable. Whether it's new pharmaceuticals, better iPhones or cheaper holidays, people expect things to get better. But that... Continue reading
Posted Jul 9, 2018 at
The Fraser Institute recently published a report, Proportional Representation in Practice: An International Comparison of Ballots and Voting Rules, that is very interesting. Here's the intro: "Proportional Representation in Practice: An International Comparison of Ballots and Voting Rules finds that any replacement of B.C.’s current First-Past-The-Post electoral system with a... Continue reading
Posted Jul 7, 2018 at