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Dear Sir, This letter is a response to Mr Chris Famous’s Opinion article (August 7) concerning the Civil Service, which he is defending, and his response to my criticism, the Observer, whom he bad mouthed. Mr Famous, let us rewind to the years of S...

Former minister Quinton Edness has implored the Bermuda Government to impose cuts rather than draw on its $200 million loan agreement with Butterfield Bank. Mr Edness warned last night that incurring further debt on top of the existing $2.185 billio...

Mark Twain’s aphorism about never putting off till tomorrow what you can do the day after tomorrow was intended as a sardonic rebuke to the chronically tardy, not a rallying cry. But Bermuda seems to have other ideas. Long the author’s second home, ...

Just three months into Government’s fiscal year, the costs of servicing the enormous public debt have totted up to more than $840 per Bermudian man, woman and child. The figure is calculated by dividing Government’s total debt servicing costs equally...

Bonds offered by the Bermuda Government offer the lowest risk for investors of any country in the Caribbean region, according to Euromoney’s Country Risk (ECR) survey. Bermuda ranks 44 in the magazine’s global rankings, on the same level as Spain and...

Just two months into the Bermuda Government’s 2015-16 fiscal year, the public debt is taking its toll. The graphic above shows the cost of merely servicing the debt for the months of April and May equates to more than $560 for every Bermudian man, w...

Most of us are aware that the Bermuda Government debt is a massive burden on the country — but it is all too easy to think of it as a Government problem, rather than our problem. While the debt takes centre stage at Budget time, it tends to retreat t...

Hiking taxes will not deal with Bermuda’s massive deficit, a top economist has warned. And Peter Everson, who runs PE Consultants, said there was no “silver bullet” to deal with the Island’s debt of around $2 billion. “Many people were looking for a ...

The Bermuda Government will have to borrow another $125 million in the next fiscal year, adding to its $2 billion-plus of outstanding debts. Of the $800 million that the Government borrowed less than two years ago to see it through multiple years of...

October 12, 2014 Dear Sir, I attended the Government town hall meeting last week to hear the Finance Minister ET “Bob” Richards give us an update on the Island’s financial situation. Not only was his message ugly, but so was the beh...

Finance Minister Bob Richards declared himself “surprised” by the hostility he faced at an acrimonious town hall meeting called by the One Bermuda Alliance to present the recommendations of the Spending and Government Efficiency Commission. The Deput...