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VOLUME:114 No.172, JULY 31ST, 2017
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Ten-year battle to wipe out debt By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
THE Bahamas will take “at least a decade” to escape its fiscal crisis, a governance reformer has warned, adding: “It’s not a one-pill cure.” Robert Myers, an Organisation for Responsible Governance principal, borrowed a medical analogy from the Prime Minister for his extremely grim forecast on how long this nation needs to reverse its debt spiral. While praising Dr Hubert Minnis’s national address for “saying all the right things”, Mr Myers reiterated that the new administration’s promises needed to be underpinned by laws that prevented the return of
reckless fiscal policies. Emphasising that Bahamians can no longer trust politicians to “do the right thing”, Mr Myers urged the Government to prioritise energy reform as “a massive fix” for the Bahamian economy’s woes. “I think he’s saying all the right things,” Mr Myers told Tribune Business of Dr Minnis’s address. “It’s very encouraging, but the fact remains that if we want to put this country on a path and course to greater sustainability over the longterm, we’ve got to start putting this stuff in legislation as opposed to leaving it to the will of the politicians.” He also called on trade unions to become “part of the solution”. FULL STORY - SEE BUSINESS
GEENA TAKES THE CROWN
DEPUTY Prime Minister K Peter Turnquest has warned that achieving the planned savings in the government’s budget will not be an easy task. Mr Turnquest said that the country has been in recession for the past five years, as he spoke about the plans to cut spending by $267.6m, reducing the deficit to $55.4m in the 20172018 fiscal year. “We don’t want to suggest to anybody that the savings we intend are easy,”
Mr Turnquest told Tribune Business. “We are committed, and committed to putting in the work, and making the sacrifices as necessary in order to achieve. He also slammed the Opposition’s leader for raising fears of a “double-dip recession”. K P Turnquest told Tribune Business that Philip Davis should be the last person to talk of recession until “he can explain and justify to the Bahamian people what they did” between 2012-2017. FULL STORY - SEE BUSINESS
BPL BOARD BOSS URGES ‘BE PATIENT’ By KHRISNA VIRGIL Deputy Chief Reporter kvirgil@tribunemedia.net
NEWLY appointed Bahamas Power and Light (BPL) chairwoman Darnell Osborne has urged “patience” from consumers while tying the new BPL board of directors to a loose timeline of a “few months” to enforce changes to spark improvements with the electricity provider. She said the board is also seeking to revolutionise and improve the sector in order to keep the cost of electricity at reduced levels. The board’s appointment became effective July 1. “We have met a few times,” she told The Tribune recently. “We had introductory meetings with the minister and then with stakeholders in an effort to be proactive in addressing the challenges that have accumulated over the years.” SEE PAGE TWO
‘SURPRISE PM WON’T SEE ME’
By KHRISNA VIRGIL Deputy Chief Reporter kvirgil@tribunemedia.net
TURNQUEST: NO ONE SAID IT’S GOING TO BE EASY By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
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THE WINNER of the Miss Bahamas beauty pageant, Geena Thompson, takes the crown last night. Miss Thompson was the Miss Long Island entrant. Photo: Terrel W. Carey/Tribune Staff
GUNMEN MURDER BAILED TEENAGER
By RICARDO WELLS Tribune Staff Reporter rwells@tribunemedia.net
NEARLY two weeks after one senior police official urged persons out on bail for serious crimes “to stay home” or risk the chance of being killed, investigators are searching for two male suspects in a shooting inci-
dent that has left a teenage boy, suspected of being out on bail for housebreaking, dead on Saturday. The incident marked the eighth homicide in a 14-day period. Several people on bail for various crimes have been victims of murder this SEE PAGE SIX
LEADER of the Official Opposition Philip “Brave” Davis yesterday seemed to downplay certain portions of his strongly worded letter sent to Prime Minister Dr Hubert Minnis earlier this month, which suggested that the Progressive Liberal Party would possibly seek retribution over the arrests and prosecution of former PLP politicians. Mr Davis’ stinging letter to Dr Minnis regarding the criminal probes warned: “When you set out to dig a grave for your enemy, dig two.” His letter, written on July 18, also called investigations like the one into former Deputy Speaker of the House of Assembly Dion Smith an “abuse of power”. SEE PAGE 11
US WARNING OVER ISLANDS’ CRIME RATE
By KHRISNA VIRGIL Deputy Chief Reporter kvirgil@tribunemedia.net
THE United States Department of State has assessed New Providence and classified it as being a “critical” threat location for crime either directed at or affecting official US government interests, citing
Nassau & Bahama Islands’ Leading Newspaper
among other things that areas of Nassau referred to as “Over-the-Hill” should be avoided. According to the Bureau of Diplomatic Security’s Bahamas 2017 Crime and Safety Report, despite 2016 experiencing a 26 per cent drop in serious crimes SEE PAGE SIX