06262020 NEWS AND SPORT

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The Tribune

Volume:117 No.147, JUNE 26TH, 2020

Established 1903

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THE PEOPLE’S PAPER: $1

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Friday, June 26, 2020 art books entertainment film music events history puzzles animals

WEEKEND: FISH IS THE KEY - BUT YOU DON’T NEED TO FRY IT

COVID fallout sees Moody’s hit us with two-point downgrade By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE “extraordinary beating” inflicted upon the tourism industry by COVID-19 was critical in Moody’s decision yesterday to strip The Bahamas of its ‘investment grade’ credit rating, the deputy prime minister says. K Peter Turnquest, responding to the rating agency’s move to slash The Bahamas’ sovereign creditworthiness by two notches to ‘Ba2’, told Tribune Business there was little the Government can do to improve this situation in the short-term given that the priority remains protecting families, businesses and the wider economy against the worst of the pandemic’s fall-out. Pointing out that The

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

THE Government will have spent more than $11m on employee termination packages and support by the time it closes the Grand Lucayan’s sale, it was revealed yesterday. Michael Scott QC, the resort’s chairman, told Tribune Business that the latest separation round involving around 175 employees will cost “about $3m” in due

severance pay and benefits after the hotel confirmed this newspaper’s revelations that terminations had begun ahead of completing its sale to the ITM Group/Royal Caribbean joint venture. Lucayan Renewal Holdings, the special purpose vehicle (SPV) that holds the resort, said in a statement that prior employee severance and COVID19 support packages had cost the Government some $8.542m. FULL STORY - SEE BUSINESS

pg 14 + 15

IT’S NOT COVID THAT’S THE KILLER - IT’S POVERTY SEE PAGE NINE

ANDROS PLAN ‘IS THREAT TO BIRD STOCKS’

Bahamas was far from alone in suffering downgrades as a result of COVID-19, Mr Turnquest said the Government was still predicting an economic revival will begin in late November 2020 when the Thanksgiving holiday signals the start of the winter tourism season. He admitted, though, that this forecast could easily be derailed by the multiple “unknowns” surrounding COVID-19 - particularly the timing and strength of the US travel market rebound, given that the country accounts for 82 percent of all visitors to this nation. “Our economy is affected more than most in that we are so tied to tourism, which has taken an extraordinary beating,” Mr Turnquest told Tribune Business. FULL STORY - SEE BUSINESS

LUCAYAN PAYROLL HAS COST TAXPAYERS $11M

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Shooting stars

Bahamian puts ‘Love & Hip Hop’ celebs in frame

DOUBLE DIP

THE ‘365 DAYS’ CRAZE

By FARRAH JOHNSON fjohnson@tribunemedia.net AN international nonprofit environmental organisation warned the proposed mining projects in North Andros will threaten the winter home for migratory shorebirds. In a statement yesterday, the National Audubon Society stated the recovery for Piping Plover birds could be “jeopardised by a series of mining proposals” for Andros, since the threatened species spends “almost two-thirds of each year” on a group of cays near the island. SEE PAGE FIVE

16-YEAR-OLD ACCUSED IN KILLING OF WOMAN, 79

LOSS OF A LEGAL LEGEND

By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net

FORMER Parliamentarian and the founding partner of Graham Thompson, Peter Graham, died on Wednesday night as he planned to fly with friends to an island retreat. Mr Graham started to have breathing difficulty just before his death. He was 92. See page two for the full story.

A 16-YEAR-OLD Bahamian boy was charged with killing a 79-year-old Haitian woman yesterday. A small crowd gathered outside the courthouse in Jones Town, Eight Mile Rock, as the minor was brought and escorted by officers at about 11am, with a towel over his head. SEE PAGE SEVEN

US COVID SPIKE - WE CAN COPE By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net

AS coronavirus cases skyrocket in the United States, a top local infectious disease expert says The Bahamas can still manage reopening the country without an explosion of COVID-19 cases if protocols are executed properly. The increase of COVID19 cases in the US has been worrying enough that some

states are now restricting incoming travel from other states. New York Governor Andrew Cuomo announced on Wednesday that anyone coming to New York from a hardhit state would have to quarantine for two weeks. New Jersey and Connecticut have implemented a similar policy. The policy applies to people coming from Florida, Alabama, Arizona, Arkansas, North

Carolina, South Carolina, Texas and Utah. Meanwhile, guests from around the world will be allowed into The Bahamas starting on July 1, though they will be required to produce a negative COVID-19 test taken within ten days of their trip. Some are now questioning whether the government should reverse its decision to reopen the country’s borders.

Nassau & Bahama Islands’ Leading Newspaper

SEE PAGE THREE

MARIJUANA FOR HEALTH AND THE ECONOMY?

SEE PAGE TEN


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