EDITOR, The Tribune
When Hubert Ingraham opened the airwaves, I presumed that one of the key aspects of opening was to spread accurate information - facts that can be substantiated in a manner not previously available, as solely Government controlled all public broadcasting.
Today we have numerous radio stations and numerous talk shows. Regrettably, accuracy in facts spoken and broadcast is becoming a serious issue, as more and more participants and the chronic callers speak simply mistruths – totally inaccurate facts and important information.
Recently I was listening to a show that originates at a station on Nassau Street and is aired after 5pm. The participants said that Atlantis was funded in Bahamian dollars, Bahamian savings. Further they said the purchase from Ruffin also was Bahamian dollar loans from Scotiabank, the savings of Bahamians and suggested that all other foreign direct investment was likewise.
Firstly, these facts are totally inaccurate, unless the participants can prove otherwise. A foreigner requires Central Bank’s approval to borrow Bahamian dollars. Do you really think, firstly, the investor could afford the investment premium - higher interest rates on the borrowings? These facts simply show the atypical garbage that is being spoken daily. Where is URCA?
In the case of Atlantis, when they got into financial trouble, where did Brookfield come from and they were bond holders? I do not think Brookfield is Bahamian. Baha Mar: we all know that Scotiabank International raised the initial US$220 million, court evidence, that is why Scotiabank owns equity in BMD Holdings.
Politics - untruths for sensationalism is not good journalism - such as doing considerable harm to the country, the foreign perception of the country, as these shows are streamed so that they can be listened to on the other side of the globe.
Truth never lies ... let’s hope some of these station owners will understand quickly, or URCA needs to come down on them pre-election time, as in that time frame all we will be hearing is inaccurate rubbish as so-called “breaking news”.
W THOMPSON
Nassau,
August 3, 2016
Comments
banker 7 years, 7 months ago
It's the PLP legacy -- say anything you want -- the truth doesn't matter to them. Their moral compass is sub-human. The PLP don't even know that they are lying anymore. They have regressed to duplicitous animals. Honour and Integrity are fairy tales to them.
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