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‘Expect hardship’ from inflation, interest hikes
A former finance minister yesterday warned that “every family can expect hardship” from rising inflation that will exceed the current 7 percent rate in the US.
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Baha Mar announces exclusive partnership with PXG
BAHA Mar, the leading integrated resort destination in The Bahamas, is excited to announce an exclusive partnership between PXG, Parsons Xtreme Golf, and its celebrated golf course, Royal Blue.
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Chisholm Jr named to All-Rookie Second team
Jasrado “Jazz” Chisholm Jr’s first full season in Major League Baseball earned a postseason accolade as he was recognised as one of the top rookies in the sport.
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The Fed’s latest conundrum
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OVER the last six months, inflation fears have focused the attention of policymakers, economic agents and investors. Central banks have tilted towards a more hawkish stance, while headline-grabbing rises in the cost of living came to dominate the media narrative. In the markets, dynamics shifted dramatically. Risk appetite evaporated, stocks tumbled and bonds were sold.
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$200m plan to bring Cotton Bay to life
COTTON Bay Holdings Limited will partner with the Ritz Carlton Reserve brand in a $200m project in South Eleuthera that will employ 300 people during construction and 200 people during operation, according to officials.
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‘Jazz’ Chisholm Jr homers as Marlins beat reeling Cubs 4-1
BACK in the lineup after a brief sting on the 10-day injury reserve list, Bahamian shortstop Jasrado ‘Jazz’ Chisholm added to his glaring season with two impressive outings for the Miami Marlins over the weekend.
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Two women accused of disorderly behaviour, cursing at police officer
TWO women who denied disorderly behaviour and cursing at a police officer were on Friday granted bail before their trial.
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Govt’s $1.851bn borrowing at ‘lower cost’ to taxpayers
The Ministry of Finance’s top official yesterday voiced optimism that the government’s $1.851bn borrowing this fiscal year will come at a lower cost to the Bahamian people based on “market soundings”.
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Bahamas to ‘feel brunt’ of Russian sanctions shock
The Bahamas will “feel the brunt” of the fall-out from Russia’s Ukraine invasion, a governance reformer warned yesterday, with hyper-inflation threatening to plunge the world into a depression.
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‘Out on a limb’ over strong boating 2022
The Bahamas is on course to enjoy “one of its best years for yachting and boating in a very long time” in 2022, the Association of Bahamas Marinas (ABM) vice-president predicted yesterday.
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Mike Strachan ‘coming along, but he’s got a ways to go’
MIKE Strachan has achieved several historic milestones en route to the NFL and now the Indianapolis Colts front office has indicated that opportunities for the rookie wide receiver will be based on his productivity in limited spots.
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‘No more time to avoid pain’ over NIB reforms
Governance reformers yesterday warned “there is no more time to avoid the pain” associated with saving the National Insurance Board (NIB) as they called for “a clear plan” of rescue that will gain widespread buy-in from society.
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Geo-monopoly
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Prices plummeted around the world after Russian troops invaded Ukraine. But no stock exchange has been hit as hard as the Moscow Stock Exchange.
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Medals for Grand Bahama officers
GOVERNOR General Sir Cornelius A Smith presented medals to some 60 police officers in Grand Bahama yesterday.
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Cheap money era is now likely over
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LOOKING ahead to 2022, two narratives will be hard to avoid. One is the ongoing energy crisis, which saw oil, gas and coal prices skyrocketing over the last few months. And if inflation, which to a large degree is linked to the energy crisis, proves to be a more permanent problem than previously thought, the tightening of monetary policies by some of the world’s main central banks has also taken centre stage.
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Bust or deflated
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ACCORDING to experts, the cryptocurrency Bitcoin is entering its lowest and darkest market phase. The price of Bitcoin fell to its lowest level since December 2020 on Wednesday, and even hit $20,000 for a short time. The oldest digital currency was trading at around $20,500 on Friday, June 17.
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Governor adjusts 2022 GDP growth to 6-8%
The Central Bank’s governor yesterday adjusted 2022 economic growth projections to 6-8 percent, with The Bahamas not expected to “fully erase” COVID’s impact before 2023 “at the earliest”.
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Olympic dispute over Team Bahamas’ list of entrants for women’s 200 reaches ‘a tipping point’
THE dispute surrounding Team Bahamas’ list of entrants for the women’s 200m at the 2020 Tokyo Olympics has reached a tipping point just days before the athletics competition gets underway in Tokyo.
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Vehicle theft claims ‘out of the ordinary’
A Bahamian insurer says an “out of the ordinary” increase in motor vehicle theft claims was among the principal factors why it missed profit projections for 2021.
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FACE TO FACE: Small steps to a new dawn for women
THIS is a glorious time for women in The Bahamas. History is in the making! Seven women are about to be sworn in as Members of Parliament. For the first time, more women will have a say and will be able to represent voters in the House of Assembly than ever before.
