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Behind the drama being played out in front of Cabinet Office this week looms a stark reality — that if the Bermuda Government does not soon start spending much less and/or earning much more, it is only a matter of time before fiscal collapse. While p...

Bermuda Tourism Authority CEO Bill Hanbury spoke recently of a series of seven tasks the BTA had set for itself in order to improve Bermuda’s tourism industry. One of them, he said, was “Don’t boil the ocean.” What he meant was that Bermuda shouldn...

The economy needs a “wholesale overhaul” and a plan the One Bermuda Alliance and the Progressive Labour Party can both get behind, according to Shadow Finance Minister David Burt. The deputy leader of the PLP spoke out after figures showed unemploym...

Members of the media, thank you for joining us here today. Today I am going to address the ongoing Jobs Crisis in Bermuda, which was crystalized by the latest unemployment figures which showed record unemployment in Bermuda. Before I get to the meat...

As much as we would like to think that we live in a post-racial Bermuda, these statistics reveal that when it comes to jobs, there is still a lot of work to do on race in Bermuda. With over 3,000 Bermudians out of work, black Bermudians made up over ...

Bermuda goes into 2015 with better economic growth prospects than at any time since the global financial crisis struck six years ago. After a grim period marked by job losses, wage cuts and freezes, business closures, a severe property market slump, ...

You may have seen the highly acclaimed television show “House”, which is based on a fictional Princeton Plainsboro Teaching Hospital in New Jersey. Dr Gregory House tackles potentially terminal health mysteries as would a medical Sherlock Holmes. His...

Bermuda continues to spend more than it earns, the Ministry of Finance reported today. Government took in $443.5 million and spent $459.4 million during the first half of the fiscal year. Spending was said to be $28.5 million, or 5.8 per cent lower t...

Revitalising international business and tourism as the Island’s twin pillars is a priority in revitalising the economy, Government said yesterday. In the Throne Speech it added that it was “working on a broad front to rebuild investor confidence in t...

By Bob Stewart I was one of the 500 people who attended a public meeting about the Spending & Government Efficiency (SAGE) Commission recommendations on October 8, but was not one of those who carried a placard or joined in the chanting. I thought...

Recently in this space, Minister of Finance, Bob Richards felt the need to criticise my statements on the economy. Mr Editor, the fact that the Minister would attack me is not surprising, but the lack of depth of the OBA’s ideas for diversification a...

Premier Michael Dunkley has warned that the financial foundation of Government is being threatened by huge running costs. And he said that Government’s structure needed “realignment” in order to continue delivering services in the face of essential b...