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Police have not interviewed FTX CEO
POLICE have not interviewed former FTX CEO Sam Bankman-Fried, Commissioner of Police Clayton Fernander said.
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Goodman’s Bay
Totally agree with writer P Bullard. Visitors from the States once residents who frequented Goodman's Bay in their time wanted to stop and spend some hours enjoying the quietness and the views of the bay - got there around 11:30 in the morning and round-and-round we drove trying to find a parking spot in the eastern end of the park. Eventually risked parking behind a parked vehicle of a person who got there before and were on the beach and they kindly offered to park behind us as we weren't leaving for an hour.
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‘I told you so’: $100m Lucayan sale collapses
The Grand Lucayan’s former chairman last night said “I told you so” after the Government admitted the resort’s $100m sale has collapsed and it is now seeking an alternative purchaser.
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Sir Franklyn: FTX is ‘not our first rodeo’
A well-known businessman yesterday urged the Bahamas to “stand united” in the face of FTX’s implosion as he blasted the Opposition’s leader for trying to “score cheap political brownie points” over the affair.
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Bahamas told: Don’t pause digital assets plan on FTX failure
Halting its digital assets growth strategy due to FTX’s collapse would be “the worst thing The Bahamas could do”, an industry entrepreneur says, even though the failed crypto exchange now faces a local criminal investigation.
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FRONT PORCH: Hubris and the march of folly
It is at once fascinating and disturbing to observe how the lust for power, greed and other blinding ambitions, so often lead to folly and failure. Politicians, businesspeople and others over millennia, though repeatedly warned of their delusions, have pursued courses of action leading to disaster and defeat.
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Brokers fret as Customs revenue $15m up on ‘19
Brokers yesterday warned the cost of clearing goods into The Bahamas will likely increase in the New Year as Customs revealed its revenue collections year-to-date have increased by $15m compared to pre-COVID levels.
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Former AG: Will exists to change sex offences laws
FORMER Attorney General Allyson Maynard Gibson believes that public officials have the political will to actually make changes to sexual offences legislation.
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Commending the police on performance
It is with the greatest of pleasure, that I write to commend the Commissioner of Police and members of the Royal Bahamas Police Force for the remarkable performance in the arrests for violent crimes (murders, armed robbery and rape) and the recovery of guns and ammunition from criminals on our streets. The Oath of Office, which reads: "I do swear that I will be faithful and bear True Allegiance to Her Majesty Queen Elizebeth (no) King Charles) His Heirs and Successors according to Law is being kept and most importantly the Mission Statement continues to have a positive effect on the standard of performance and public relations.
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Long Island’s to airport is branded ‘a disgrace’
Long Island’s chief councillor yesterday branded the Deadman’s Cay airport “a disgrace and leaves much to be desired” as the lack of airlift and connectivity continues to undermine the island’s economic prospects.
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VIN numbers of stolen vehicles ‘being covered with false plates’
POLICE have noticed a trend regarding stolen vehicles where suspects are covering the original VIN number with a false plate, according to Commissioner of Police Clayton Fernander.
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Dorian housing alternatives ‘would have been a fraction of the cost’
DISASTER Reconstruction Authority Chairman Alex Storr said there were several options for temporary housing after Hurricane Dorian, adding that if there had been practical thought, the results would have the former government spending a “fraction” of the $4.6m it expended on domes in Abaco.
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Food costs driving prices up for Thanksgiving meals
SOME local restaurant owners say inflation and the high cost of food in grocery stores have led them to increase prices of their Thanksgiving meals.
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Bahamas crypto exchange to ‘prove’ financially sound
A SECOND Bahamas-based crypto currency exchange yesterday pledged to publicly disclose “proof” of its financial soundness and reserves in a bid to reassure jittery investors following the implosion of rival FTX.
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Deputy PM confident that Security Commission can handle FTX fallout
DEPUTY Prime Minister Chester Cooper yesterday expressed confidence in the Security Commission’s ability to handle matters related to FTX’s fallout, adding “we have had curve balls thrown at us before in financial services and we persevered.”
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New Providence residents at ease
NEW Providence residents seemed generally unbothered by the arrival of Tropical Storm Nicole as many were casually preparing around town.
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Bahamas faces high risk economic ‘roller coaster’
The Bahamas will be on an economic “roller coaster for a significant period of time” as the US Federal Reserve and other central banks take swift action to combat inflation, a local banker warned yesterday.
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Rosamunde Carey and 21st Century Athletic team introduced to the public
WHILE the others did it through social media, Rosamunde Carey and her 21st Century Athletic team had an official launch on Friday to introduce their slate of officers to the public for the Bahamas Association of Athletic Associations’ general elections.
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FNM chairman: It's time to come home, Prime Minister
FREE National Movement chairman Dr Duane Sands has called on Prime Minister Phillip “Brave” Davis to get his priorities straight in governing the country, while claiming the electorate views him as an “absentee” leader.
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Christmas is back
The Bahamas has been on a rough economic, mental and societal roller coaster over the past several years. First we had assorted storms and hurricanes, Dorian being the most destructive in many years.
