STATESIDE: The Bahamas makes front page news after FTX collapse
A FRIEND and Bahamaphile was unhappy on Monday morning. “Did you see the headline on the front page of the Washington Post?” she exclaimed. “The Bahamas was mentioned in a near-banner headline, front page, top of the fold, the first thing a reader saw that day. And guess why? The Post sent a reporter down to Nassau to investigate the collapse of this now-bankrupt cryptocurrency firm FTX that had set up its headquarters out west in Albany.
FRONT PORCH: Making good public policy is hard work
WE often cook up public policy in The Bahamas in a similar manner to which an unsatisfying and innutritious meal is slapped together. There is little forethought, no clear recipe, with all kinds of slam bam ingredients hurriedly mixed together.
Goodman’s Bay Park ‘an eyesore’
GOODMAN’S Bay Park has become an eyesore as some residents have complained about the distressed state the park’s playground is in.
EDITORIAL: FTX founder’s long list of unknowns
FOR someone in charge of a multi-billion operation, Sam Bankman-Fried seems to not know a lot of things.
‘Stop union-busting’
UNION leaders yesterday called on the Davis administration to stop its “union busting tactics” calling the government’s recent announcement about forthcoming salary increases for public servants that were reportedly made without consultation “a blatant disregard for unions”.
Taxi union says minister is missing in action
WESLEY Ferguson, president of the Bahamas Taxi Cab Union, said yesterday that union members are still awaiting correspondence from the Ministry of Transport and Housing on the issue of the regulation of taxi plates.
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.
‘Slap in the face’ on Dorian’s tax breaks
The Government was yesterday accused of delivering “a slap in the face” to Abaco and Grand Bahama by confirming that both islands’ present Dorian-related tax breaks expire today as scheduled.
Liquidators to go after FTX Bahamas payouts
The joint provisional liquidators for FTX’s Bahamian subsidiary are “guaranteed” to go after any payouts to local investors if they violated the Supreme Court freeze imposed as the crypto exchange imploded, it was revealed yesterday.
East Grand Bahama women fly to Nassau for free mammograms
THIRTY women from East Grand Bahama were flown to Nassau to receive free mammogram screenings at Doctors Hospital on Friday.
Two new cruise ships sail to Grand Bahama
TWO new cruise ships are expected to make inaugural voyages to Grand Bahama, with one arriving this week.
12th grader receives $30,000 empowerment scholarship
KIERIA Woodside, the recipient of the $30,000 Golden Gates Female Empowerment Scholarship, thanked her family for the motivation to excel despite the odds.
CIBC’s New Year halt to in-branch payments
CIBC FirstCaribbean last night justified its decision to halt physical in-branch transactions from January 3 - a move that will impact thousands of Bahamians - by asserting that 85 percent of clients are already using digital banking channels.
Boy, 9, dies after collision while out riding his bike
THE family of a nine-year-old boy who was killed in a tragic traffic accident on Tuesday are devastated and struggling to come to terms with his untimely death.
FNM vice-chairman sues party leaders
FREE National Movement vice-chairman Richard Johnson has taken legal action against party leaders Michael Pintard and Dr Duane Sands after being banned from attending future council meetings, which he claimed violated the party’s constitution.
‘I did not try to commit FTX fraud’
FORMER FTX CEO Sam Bankman-Fried said he did not try to commit fraud and unknowingly commingled funds of his company’s customers with his hedge fund Alameda Research.
Solomon’s cannot revive GB
Grand Bahama Minister Ginger Moxey recently told attendees at The Winn ceremony that the revitalisation of downtown Freeport is finally here.
Man accused of gun threat
A MAN was remanded to prison yesterday after allegedly threatening someone with a handgun.
The causes of crime
As A trained lawyer, albeit a defrocked one, I had extensive practice before the Criminal Defence Bar during my hey days. In fact, at any given time, I commanded 80 per cent or more of the most heinous cases before all courts, the Supreme and Magistrates included. The other lawyers were obliged to literally, in some case, fight for the crumbs. As such, I came to understand the economic and psychology of crime and the causation.
