Sir John Swan and Larry Burchall
OPINION COLUMNIST
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Dec 12, 2012 8:00 am
Expanding the economy
Recently we’ve started thinking, as we are sure have many others, about what circumstances would be necessary for a recovery to finally take hold in Bermuda. Well ... first we have to come to terms with just what our current ugly truth is and its direction and all the negatives that go with it.
The bad news -
Dec 10, 2012 8:00 amWhat needs to happen on December 18
On December 18, 2012, Bermuda will face the same problems that it faced on December 16, the day before the election. The solutions seen and needed from and after December 18 will be the same as the solutions that were apparent on December 16, 2012.
Problem — By December 16, 2012, over 3,500 unemployed Bermudians. This is the highest level of unemployment since 1939. On December 18, 2012, unemployment will still be increasing. -
Nov 21, 2012 8:00 am
What needs to happen next
Seeking practical solutions and answers to the economic downturn, what, exactly, do we see? What, exactly, needs to happen? In a nutshell here is a simple and practical look at what, exactly, needs to happen.
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Oct 15, 2012 9:01 amThe cost of doing nothing
By now, everyone understands that Bermuda’s economy is, and always has been, reliant upon foreign money. From Furness Withy in the 1920’s to the creation of the US bases during the 1939 -1945 World War to the huge investments by Daniel K Ludwig (Southampton Princess Hotel) and Hotel Corporation of America (Sonesta Beach Hotel) in the 1960s to the Saudi Royal family (Elbow Beach Resort) and ACE and XL investors in the 1990s to, the...
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Sep 10, 2012 6:00 amRegenerating Bermuda's economy
Bermuda's economy in crisis
Tourism contributing less to Bermuda's economy
Don't expect food prices –to fall any time soon
Government to allow access to pension funds for tenants in rental arrears
Immigration policy–threatens recovery
Lost dividends cut off income stream in Bermuda economy
If anyone knows of jobs, even if it's part-time ... Please let us know -
Aug 29, 2012 6:00 am
Beware of dependency
In these uncertain economic times, we have to guard against the risk of creating a culture of dependency. More and more Bermudians are unable to find work and are becoming almost solely dependent on Government financial assistance.
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Aug 27, 2012 8:15 amHow to regenerate Hamilton
What is happening to our economy is readily apparent. The effects are being felt by everyone and seen all around us. When we first began this journey in October 2011, we set out to educate and inform the public on the state of the economy and provide recommendations that could perhaps stimulate the economy.
Amongst the various recommendations that were submitted were ideas for the City of Hamilton such as:
Extend the city limits -
Aug 22, 2012 8:30 amA matter of national concern
What this chart shows should concern all of us:
Government Revenue (Orange Line)
When the orange line of revenue is under the red line of spending, Government is spending more than it takes in and is in deficit.
The projected reveue is not likely to be achieved due to the fall in GDP and non-payment of fees and taxes to Government.
Government Spending (Red Line) -
Aug 13, 2012 7:55 amHave broadband, will thrive
Bermuda’s economy became tourism-based in the 1940s due to the introduction of the first commercial flights when people travelled here to see Bermuda’s beautiful sand and surf. However, tourism began to suffer due to the abundance of new destinations and price of travel.
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Jul 11, 2012 8:38 am
Getting Bermuda on track
All of the factual information that we have provided over the past few months in the form of articles and town hall meetings were designed to start discussions among both Bermudians and guests in which ideas would emerge that would help Bermuda survive in these harsh economic times. We are pleased to see that people are getting involved and having discussions.
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Jul 2, 2012 8:00 amFitch report can act as a catalyst
What is a credit rating? It’s an assessment of the probability that a country, business or individual will be able and willing to pay its debts. A rating is based on all available information about assets, income, exposure to financial risks and past record of repayments.
Why a credit rating? A country, business or individual with a high credit rating can expect:
(a) to get a loan
- Should liquor stores be able to sell alcohol on Sundays?
- Yes
- 71%
- No
- 27%
- Don't Know
- 1%
- Total Votes: 2016
- Poll Archive