By PETER YOUNG
YET again, the Bank of the Bahamas’ (BOB) corporate governance is requiring more scrutiny with the bank’s partnership with the Brickell Management Group, the management company for Venetian West, which is a gated community development purportedly headed by Island Luck owner Sebas Bastian. According to representatives of the management company, their partnership with the Bank of the Bahamas (BOB) will result in that credit facility providing an “exclusive” financing package for potential buyers.
THE duel for leadership in the Free National Movement (FNM) looks like infighting. It’s not a good or a strong look.
IT comes as no surprise that the people with the loudest voices, with the most brazen of accusations about The Bahamas’ approach to the management of illegal immigrants and our level of “inhumanity” and “unChristianness” in the country are, in fact, not Bahamian, and/or are not living/have not lived in or near to the end results of illegal immigration in a small country of islands like ours.
I GREW up on the best place on earth — Long Island. I have long thought that our great island — for me, the greatest island in our archipelagic chain — has become a forgotten outsider. That has saddened me, particularly during my countless visits to Eleuthera, Grand Bahama, Abaco, Bimini, Exuma and other Bahamian islands.
THE Bank of the Bahamas (BOB) fiasco is a national disgrace and rational, reasonable Bahamians cannot help but wonder how that BISX-listed institution’s loan portfolio could become such a shameful mess with the accrual of hundreds of millions of dollars of non-performing loans. The bank can only be likened to an asue where everyone withdraws and drops out once they have got their share.
Another hotel is not what we need.
THESE days, maniacal criminals are increasingly using guns as their weapon of choice as they disrupt the serenity of our once tranquil islands, going on murderous rampages, robbing families of loved ones and callously committing heinous crimes with no regard for the law.
The unravelling of Dr Arthur Porter’s life didn’t begin in the Bahamas. But it could be considered to have ended here – more or less.
THE Bahamas’ Parliament is wholly unsecure and Parliamentarians are seemingly unprotected in the precincts of both the House of Assembly and the Senate.
THE story of the Bahamian national of Haitian parentage who lost his illegal home in a legal demolition has made its way across every form of local media, perhaps most of all social media, where people have dialogued on the verge of meltdown.
There is a school of thought in public and private circles in the Bahamas that says our political leaders make the decisions they do and act out those decisions in certain objectionable ways because they believe the Bahamian people are ignorant and they want to keep them ignorant and oppressed.
Next month, Free National Movement executives will go head-to-head for party positions at its convention. But FNM insiders say the party must look beyond next month, and its internal fights, and chart a united course that will help it win the next election. Tribune News Editor, Taneka Thompson reports . . .
The Renward Wells/Letter of Intent fiasco took another turn this week when the Cabinet office, late on Tuesday evening, released a statement that simply said that “the office of Parliamentary Secretary in the Ministry of Works and Urban Development (had) become vacant.” However, this terse statement could only be likened to a wonderfully choreographed piece of high-stakes politics at its sordid worst.
WITH less than eight months to the next British general election, the opposition Labour Party appears to be having buyer’s remorse over its choice of leader. In fact, there are some interesting parallels with the political situation here.