Tidbits to Consider

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Wednesday, March 26, 2003

IMF Predictions For Growth Unlikely...

By Candia Dames candiadames@hotmail.com It is unlikely that the Bahamian economy will be on tract for a 2.9 percent economic growth as predicted by the International Monetary Fund, according to Central Bank Governor Julian Francis. At the Progressive Liberal Party's national convention last... Sign in to see full entry.

Tuesday, March 25, 2003

Gov’t Banking On Oil Find...

By Candia Dames candiadames@hotmail.com The Government of The Bahamas is only days away from signing an agreement with an Oklahoma City-based energy company for the exploration of oil in the country, Trade and Industry Minister Leslie Miller has revealed to the Bahama Journal. During a time when the... Sign in to see full entry.

Banks Face Profit Reductions...

By Candia Dames candiadames@hotmail.com With the U.S.-led war in Iraq in full swing, local commercial banks will have to tolerate lower profits as Central Bank officials maintain lending restrictions imposed on September 5, 2001. Those restrictions limit bank lending activity to total loans granted... Sign in to see full entry.

Friday, March 21, 2003

Bahamas’ Response To War...

By Candia Dames candiadames@hotmail.com In a nationally-televised address that was sprinkled with optimistic lines while carrying a theme of economic uncertainty, Prime Minister Perry Christie last night advised Bahamians to exercise greater prudence in their fiscal affairs "until the grey clouds... Sign in to see full entry.

Wednesday, March 19, 2003

$1.2 Mil In Junkanoo Losses...

By Candia Dames candiadames@hotmail.com The Bahamian taxpayers lost $1,189,562 on the recent Junkanoo parades, according to a draft report from the accounting firm Deloitte & Touche. This after the government spent $2.4 million on the five parades of the 2002-2003 season. The losses from the parades... Sign in to see full entry.

Tuesday, March 18, 2003

Foulkes Bows Out... [Bahamas political news]

By Candia Dames candiadames@hotmail.com A little over a year after he lost his bid to become the country's third prime minister, Sen. Tommy Turnquest will face another race that could threaten his leadership position in the party. As Sen. Turnquest seeks another term as leader, Deputy Leader Dion... Sign in to see full entry.

Monday, March 10, 2003

Gov't Orders Major Cutback

By Candia Dames candiadames@hotmail.com The government has ordered its various ministries and departments to cut back on spending by 5 percent, underscoring a growing response to economic uncertainties arising out of a possible U.S.-led war with Iraq. On a $1 billion budget, this cutback would... Sign in to see full entry.

Saturday, March 8, 2003

U.S. Ambassador Faces Amnesty International Criticisms...

By Candia Dames candiadames@hotmail.com U.S. Ambassador J. Richard Blankenship, who has been blasted in recent weeks by various observers for comments he made on a number of issues, is now facing criticisms from the international human rights group, Amnesty International. Mr. Blankenship warned... Sign in to see full entry.

Thursday, March 6, 2003

MP's Slam Blankenship

By Candia Dames candiadames@hotmail.com The controversy surrounding Ambassador J. Richard Blankenship again reached the halls of parliament yesterday with two PLP MP's suggesting that the U.S. envoy may have committed a number of diplomatic blunders in recent weeks. The Member of Parliament for... Sign in to see full entry.

Wednesday, March 5, 2003

U.S. State Department Contradicts Blankenship...

By Candia Dames candiadames@hotmail.com With criticisms levied by U.S. Ambassador J. Richard Blankenship last December still lingering, government officials are taking note of a new report issued by the U.S. State Department that points to the country's cooperation in illegal drug trafficking. One... Sign in to see full entry.

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